1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:18,800 Speaker 1: Let's take a look at some stocks on the move 5 00:00:18,800 --> 00:00:21,639 Speaker 1: today in you. I'm Tom McKenzie with Stephen Carroll and 6 00:00:21,680 --> 00:00:24,800 Speaker 1: we are joined by Bloomberg's Markets Today editor Sam Unstead 7 00:00:24,840 --> 00:00:29,040 Speaker 1: and Sam Vestas Wind Systems up around four percent. That's 8 00:00:29,160 --> 00:00:32,080 Speaker 1: quite a turnaround from the downside pressure that we saw 9 00:00:32,120 --> 00:00:35,320 Speaker 1: on wind turbine makers yesterday. What's going on, Yeah, so 10 00:00:35,400 --> 00:00:38,400 Speaker 1: what we saw yesterday is austed. They ended up dropping 11 00:00:38,960 --> 00:00:41,159 Speaker 1: thirty percent over the course of the day after this 12 00:00:41,200 --> 00:00:43,880 Speaker 1: big rights issue. And that rights issue also was driven 13 00:00:43,920 --> 00:00:46,600 Speaker 1: in part by there being some concern over its US 14 00:00:46,640 --> 00:00:48,279 Speaker 1: business and not being able to sell part of its 15 00:00:48,400 --> 00:00:50,560 Speaker 1: US business, which can then filter across to the rest 16 00:00:50,560 --> 00:00:53,360 Speaker 1: of the industry. Vest Us, which makes wind turb us 17 00:00:53,360 --> 00:00:55,560 Speaker 1: at Orsted runs wind farms. Invest Us makes the wind 18 00:00:55,560 --> 00:00:59,520 Speaker 1: turbines that those farms have much better results, much stronger, 19 00:01:00,120 --> 00:01:02,440 Speaker 1: a lot of reassurance, I suppose more than anything else, 20 00:01:02,560 --> 00:01:05,360 Speaker 1: but orders going up, and so for them, their fundamentals 21 00:01:05,400 --> 00:01:07,840 Speaker 1: are looking a little bit better. And that's allowing investors 22 00:01:07,840 --> 00:01:10,039 Speaker 1: to kind of separate out the vestor story from the 23 00:01:10,040 --> 00:01:10,760 Speaker 1: ousted story. 24 00:01:11,480 --> 00:01:14,920 Speaker 2: So next to spire Acts whilst it is going on 25 00:01:15,000 --> 00:01:15,600 Speaker 2: with them. 26 00:01:15,920 --> 00:01:19,640 Speaker 3: Yeah, I mean spire Axe is a steamflow engineering company. 27 00:01:19,680 --> 00:01:22,840 Speaker 3: Thank you for that, I'm sure times looking up. Perhaps 28 00:01:22,840 --> 00:01:24,959 Speaker 3: not a name that you would know enormously well, but 29 00:01:25,200 --> 00:01:27,959 Speaker 3: a FIRSTY one hundred company for years and years and 30 00:01:28,000 --> 00:01:30,319 Speaker 3: years and very consistent performer. And then the last three 31 00:01:30,400 --> 00:01:32,080 Speaker 3: years they've seen a bit of a dip in demand 32 00:01:32,120 --> 00:01:34,640 Speaker 3: in a lot of their end markets and their shares 33 00:01:34,640 --> 00:01:36,880 Speaker 3: have actually fallen for the last three years in a row. 34 00:01:37,360 --> 00:01:39,880 Speaker 3: Their results today indicate that they may well now have 35 00:01:39,959 --> 00:01:42,440 Speaker 3: hit a turnaround, that the results are a little bit 36 00:01:42,440 --> 00:01:44,720 Speaker 3: better than expected, the outlook is a bit more strong, 37 00:01:45,080 --> 00:01:48,639 Speaker 3: and they're outgrowing the broader industrial market. So their shares 38 00:01:48,640 --> 00:01:52,720 Speaker 3: actually popped about nineteen percent earlier on today, the most ever, 39 00:01:52,880 --> 00:01:55,960 Speaker 3: so not just some reassurance, but like a real sense 40 00:01:56,000 --> 00:01:57,280 Speaker 3: of relief amongst investors. 41 00:01:57,600 --> 00:02:02,280 Speaker 1: And Sam Belway also in the session today, what is 42 00:02:02,280 --> 00:02:03,160 Speaker 1: the story behind. 43 00:02:02,960 --> 00:02:07,080 Speaker 3: Beilwe So UK home builder and the results today not 44 00:02:07,200 --> 00:02:10,160 Speaker 3: spectacular but solid, And I think what you've had over 45 00:02:10,200 --> 00:02:11,960 Speaker 3: the course of this year in the lead up to 46 00:02:12,000 --> 00:02:15,040 Speaker 3: the stamp duty tax changes that happened in the UK 47 00:02:15,080 --> 00:02:17,480 Speaker 3: earlier this year. There was a big spiking activity that 48 00:02:17,560 --> 00:02:19,720 Speaker 3: then came off again. That's kind of what they said 49 00:02:19,880 --> 00:02:22,120 Speaker 3: in their results is that the spring selling season was 50 00:02:22,160 --> 00:02:24,480 Speaker 3: good and then things have softened a little bit from there. 51 00:02:24,800 --> 00:02:28,120 Speaker 3: But they're controlling what they can control quite well, so costs, 52 00:02:28,280 --> 00:02:31,600 Speaker 3: delivering shareholder returns, all of that's going on, and that's 53 00:02:31,600 --> 00:02:34,240 Speaker 3: actually lifting the whole sector a little bit today because 54 00:02:34,240 --> 00:02:36,320 Speaker 3: again there's a kind of sense of reassurance that even 55 00:02:36,320 --> 00:02:39,040 Speaker 3: though activity in the UK housing market remains a little 56 00:02:39,040 --> 00:02:42,079 Speaker 3: bit soft, companies that are performing well and operating well 57 00:02:42,160 --> 00:02:43,520 Speaker 3: can navigate their way through it. 58 00:02:44,919 --> 00:02:48,960 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 59 00:02:49,040 --> 00:02:51,600 Speaker 2: us throughout the day for the latest roundup of companies 60 00:02:51,680 --> 00:02:54,760 Speaker 2: making news on Wall Street and for the latest market 61 00:02:54,800 --> 00:02:59,240 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 62 00:02:59,320 --> 00:03:02,880 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 63 00:03:02,919 --> 00:03:09,079 Speaker 2: the Bloomberg Business app MHM