WEBVTT - Vestas Rises, Spirax Jumps, Bellway Up

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move

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<v Speaker 1>today in you. I'm Tom McKenzie with Stephen Carroll and

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<v Speaker 1>we are joined by Bloomberg's Markets Today editor Sam Unstead

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<v Speaker 1>and Sam Vestas Wind Systems up around four percent. That's

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<v Speaker 1>quite a turnaround from the downside pressure that we saw

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<v Speaker 1>on wind turbine makers yesterday. What's going on, Yeah, so

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<v Speaker 1>what we saw yesterday is austed. They ended up dropping

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<v Speaker 1>thirty percent over the course of the day after this

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<v Speaker 1>big rights issue. And that rights issue also was driven

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<v Speaker 1>in part by there being some concern over its US

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<v Speaker 1>business and not being able to sell part of its

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<v Speaker 1>US business, which can then filter across to the rest

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<v Speaker 1>of the industry. Vest Us, which makes wind turb us

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<v Speaker 1>at Orsted runs wind farms. Invest Us makes the wind

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<v Speaker 1>turbines that those farms have much better results, much stronger,

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<v Speaker 1>a lot of reassurance, I suppose more than anything else,

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<v Speaker 1>but orders going up, and so for them, their fundamentals

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<v Speaker 1>are looking a little bit better. And that's allowing investors

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<v Speaker 1>to kind of separate out the vestor story from the

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<v Speaker 1>ousted story.

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<v Speaker 2>So next to spire Acts whilst it is going on

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<v Speaker 2>with them.

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<v Speaker 3>Yeah, I mean spire Axe is a steamflow engineering company.

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<v Speaker 3>Thank you for that, I'm sure times looking up. Perhaps

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<v Speaker 3>not a name that you would know enormously well, but

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<v Speaker 3>a FIRSTY one hundred company for years and years and

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<v Speaker 3>years and very consistent performer. And then the last three

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<v Speaker 3>years they've seen a bit of a dip in demand

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<v Speaker 3>in a lot of their end markets and their shares

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<v Speaker 3>have actually fallen for the last three years in a row.

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<v Speaker 3>Their results today indicate that they may well now have

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<v Speaker 3>hit a turnaround, that the results are a little bit

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<v Speaker 3>better than expected, the outlook is a bit more strong,

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<v Speaker 3>and they're outgrowing the broader industrial market. So their shares

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<v Speaker 3>actually popped about nineteen percent earlier on today, the most ever,

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<v Speaker 3>so not just some reassurance, but like a real sense

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<v Speaker 3>of relief amongst investors.

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<v Speaker 1>And Sam Belway also in the session today, what is

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<v Speaker 1>the story behind.

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<v Speaker 3>Beilwe So UK home builder and the results today not

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<v Speaker 3>spectacular but solid, And I think what you've had over

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<v Speaker 3>the course of this year in the lead up to

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<v Speaker 3>the stamp duty tax changes that happened in the UK

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<v Speaker 3>earlier this year. There was a big spiking activity that

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<v Speaker 3>then came off again. That's kind of what they said

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<v Speaker 3>in their results is that the spring selling season was

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<v Speaker 3>good and then things have softened a little bit from there.

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<v Speaker 3>But they're controlling what they can control quite well, so costs,

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<v Speaker 3>delivering shareholder returns, all of that's going on, and that's

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<v Speaker 3>actually lifting the whole sector a little bit today because

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<v Speaker 3>again there's a kind of sense of reassurance that even

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<v Speaker 3>though activity in the UK housing market remains a little

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<v Speaker 3>bit soft, companies that are performing well and operating well

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<v Speaker 3>can navigate their way through it.

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