1 00:00:02,520 --> 00:00:07,440 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 00:00:16,600 --> 00:00:18,880 Speaker 3: Well, let's take a look at some stocks on the 5 00:00:18,920 --> 00:00:21,320 Speaker 3: move today in Europe. I'm Stephen Carol and I'm joined 6 00:00:21,320 --> 00:00:25,680 Speaker 3: by Bloomberg's Chloe Melee for more. Chloe, let's start with 7 00:00:25,920 --> 00:00:29,200 Speaker 3: energy in focus this morning. Of course, again, what's happening 8 00:00:29,200 --> 00:00:30,400 Speaker 3: with the oil producer reps ale. 9 00:00:31,120 --> 00:00:33,240 Speaker 1: Yeah, well, we've seen quite a lot of weakness across 10 00:00:33,280 --> 00:00:35,720 Speaker 1: the board for some of those energy names this morning, 11 00:00:35,760 --> 00:00:37,920 Speaker 1: Repsol being one of them. And so a lot of 12 00:00:37,960 --> 00:00:40,840 Speaker 1: that has to do with Trump saying that if necessary, 13 00:00:40,920 --> 00:00:44,320 Speaker 1: the US will work to ensure and escort oil tankers 14 00:00:44,360 --> 00:00:47,839 Speaker 1: moving through the Persian Gulf, which he said would avoid 15 00:00:47,880 --> 00:00:51,040 Speaker 1: an energy crisis. And so that has caused some pullback 16 00:00:51,080 --> 00:00:54,600 Speaker 1: in oil prices and therefore a pullback in oil companies 17 00:00:54,640 --> 00:00:57,240 Speaker 1: share prices. So that's a bit of a reversal from 18 00:00:57,240 --> 00:00:59,600 Speaker 1: what we've seen over the last couple of days with 19 00:00:59,760 --> 00:01:03,520 Speaker 1: oil prices and oil company's share price is moving much higher. 20 00:01:04,640 --> 00:01:06,679 Speaker 1: But the industry, the shipping industry is saying that the 21 00:01:06,720 --> 00:01:09,560 Speaker 1: plan from Trump is only really a partial fix, and 22 00:01:09,600 --> 00:01:11,920 Speaker 1: that it lacks a lot of clarity on how it 23 00:01:12,400 --> 00:01:15,760 Speaker 1: would actually be implemented. It's a much more complex plan 24 00:01:15,840 --> 00:01:18,520 Speaker 1: with a much larger scale than similar plans that have 25 00:01:18,600 --> 00:01:21,520 Speaker 1: come before, and you know, given the number of producers 26 00:01:21,520 --> 00:01:25,120 Speaker 1: and consumers involved, the complexity is really quite staggering. And 27 00:01:25,200 --> 00:01:27,959 Speaker 1: some ship owners have also said that they're wary of 28 00:01:28,319 --> 00:01:31,440 Speaker 1: relying a little bit too much on a volatile US administration. 29 00:01:31,640 --> 00:01:34,640 Speaker 1: So the execution of it, the cost of it, a 30 00:01:34,640 --> 00:01:36,800 Speaker 1: lot of there's a lot of question marks that remain. 31 00:01:36,880 --> 00:01:39,760 Speaker 1: But in the meantime, we have seen that impacting some 32 00:01:39,840 --> 00:01:41,920 Speaker 1: of those share prices across that energy sector. 33 00:01:41,959 --> 00:01:45,240 Speaker 3: This morning. Okay, so that's the energy sector. Turning to defense, 34 00:01:45,360 --> 00:01:48,320 Speaker 3: then what's happening with Ryan Mattal Shares, Yeah. 35 00:01:48,240 --> 00:01:51,200 Speaker 1: Ryan Mettal, Leonardos, all of those names moving higher today. 36 00:01:51,240 --> 00:01:53,320 Speaker 1: This is the same story really as it has been 37 00:01:53,600 --> 00:01:55,440 Speaker 1: over the last couple of days, which is that the 38 00:01:55,560 --> 00:01:58,560 Speaker 1: tensions in the Middle East will likely mean higher defense 39 00:01:58,880 --> 00:02:01,400 Speaker 1: spending and that will then benefit the likes of Ryan 40 00:02:01,480 --> 00:02:04,960 Speaker 1: Mattawan all of those peers within that defense sector. This 41 00:02:05,080 --> 00:02:07,280 Speaker 1: is really even more relevant now that Europe has been 42 00:02:07,520 --> 00:02:10,480 Speaker 1: pulled into the conflict with the threats on Cyprus or 43 00:02:10,520 --> 00:02:13,480 Speaker 1: the British airbase on Cyprus being struck by a drone 44 00:02:13,520 --> 00:02:16,760 Speaker 1: strike on Sunday, which is marked the first and so 45 00:02:16,800 --> 00:02:20,400 Speaker 1: far the only attacked on European territory. But that means 46 00:02:20,440 --> 00:02:22,680 Speaker 1: that now a Greece, which is one of the close 47 00:02:22,760 --> 00:02:25,880 Speaker 1: allies Cypress, and then the UK and France are involved 48 00:02:26,280 --> 00:02:30,240 Speaker 1: in boosting those defense capabilities for Cyprus. And then of 49 00:02:30,240 --> 00:02:32,079 Speaker 1: course let's not forget that the war in Ukraine is 50 00:02:32,120 --> 00:02:35,160 Speaker 1: still very much happening. It shows no sign of ending, 51 00:02:35,200 --> 00:02:39,120 Speaker 1: and so all of that points to high defense spending 52 00:02:39,200 --> 00:02:42,280 Speaker 1: higher for LONGO as well, which then now translates into 53 00:02:42,320 --> 00:02:44,799 Speaker 1: all of those defense names in the green this. 54 00:02:44,800 --> 00:02:49,840 Speaker 3: Morning, okay, and then turning to move outside of geopolitics, 55 00:02:50,280 --> 00:02:52,200 Speaker 3: history tell us more about what's happening with them. 56 00:02:52,600 --> 00:02:55,960 Speaker 1: Yeah, very very bad day for history. Shares really plunged 57 00:02:56,000 --> 00:02:58,560 Speaker 1: this morning. There's two things that are happening. The first 58 00:02:58,600 --> 00:03:01,880 Speaker 1: is that the CEO is retiring after almost ten years 59 00:03:02,200 --> 00:03:05,760 Speaker 1: leading the company. And then secondly, the company also warned 60 00:03:05,800 --> 00:03:08,320 Speaker 1: of quite slow growth this year and saying that the 61 00:03:08,400 --> 00:03:12,200 Speaker 1: market conditions would remain really challenging and that might be 62 00:03:12,280 --> 00:03:16,160 Speaker 1: worsened by what is happening geopolitically as well. It's expecting 63 00:03:16,200 --> 00:03:19,280 Speaker 1: profit delivery to be very similar to that of last year, 64 00:03:19,280 --> 00:03:23,840 Speaker 1: and last year revenue and profit declined, so obviously investors 65 00:03:23,880 --> 00:03:26,600 Speaker 1: are a little bit disappointed by this. It doesn't bode 66 00:03:26,600 --> 00:03:29,200 Speaker 1: well for the rest of the house building sector either. 67 00:03:29,520 --> 00:03:33,040 Speaker 1: It's been, of course, dealing with a very few, very 68 00:03:33,080 --> 00:03:36,640 Speaker 1: difficult few years. It's been a period marked by high 69 00:03:36,680 --> 00:03:39,120 Speaker 1: interest rates, of course, the end of government stimulus to 70 00:03:39,200 --> 00:03:41,640 Speaker 1: help buyers, and then of course a couple of budgets 71 00:03:41,640 --> 00:03:44,480 Speaker 1: as well under labor. They have created some uncertainty and 72 00:03:44,520 --> 00:03:48,000 Speaker 1: therefore quite a muted market. Vistory did say it was 73 00:03:48,080 --> 00:03:51,480 Speaker 1: quite optimistic about the spring selling season. Soldiers have to 74 00:03:51,480 --> 00:03:53,440 Speaker 1: see if that's enough to boost it again. 75 00:03:54,360 --> 00:03:58,400 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 76 00:03:58,480 --> 00:04:01,080 Speaker 2: us throughout the day for the latest roundup of companies 77 00:04:01,120 --> 00:04:04,240 Speaker 2: making news on Wall Street and for the latest market 78 00:04:04,280 --> 00:04:08,720 Speaker 2: moving headlines. 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