WEBVTT - Repsol Jumps, Rheinmetall Down, Vistry Plumnges

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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 3>Well, let's take a look at some stocks on the

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<v Speaker 3>move today in Europe. I'm Stephen Carol and I'm joined

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<v Speaker 3>by Bloomberg's Chloe Melee for more. Chloe, let's start with

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<v Speaker 3>energy in focus this morning. Of course, again, what's happening

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<v Speaker 3>with the oil producer reps ale.

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<v Speaker 1>Yeah, well, we've seen quite a lot of weakness across

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<v Speaker 1>the board for some of those energy names this morning,

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<v Speaker 1>Repsol being one of them. And so a lot of

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<v Speaker 1>that has to do with Trump saying that if necessary,

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<v Speaker 1>the US will work to ensure and escort oil tankers

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<v Speaker 1>moving through the Persian Gulf, which he said would avoid

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<v Speaker 1>an energy crisis. And so that has caused some pullback

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<v Speaker 1>in oil prices and therefore a pullback in oil companies

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<v Speaker 1>share prices. So that's a bit of a reversal from

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<v Speaker 1>what we've seen over the last couple of days with

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<v Speaker 1>oil prices and oil company's share price is moving much higher.

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<v Speaker 1>But the industry, the shipping industry is saying that the

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<v Speaker 1>plan from Trump is only really a partial fix, and

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<v Speaker 1>that it lacks a lot of clarity on how it

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<v Speaker 1>would actually be implemented. It's a much more complex plan

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<v Speaker 1>with a much larger scale than similar plans that have

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<v Speaker 1>come before, and you know, given the number of producers

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<v Speaker 1>and consumers involved, the complexity is really quite staggering. And

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<v Speaker 1>some ship owners have also said that they're wary of

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<v Speaker 1>relying a little bit too much on a volatile US administration.

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<v Speaker 1>So the execution of it, the cost of it, a

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<v Speaker 1>lot of there's a lot of question marks that remain.

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<v Speaker 1>But in the meantime, we have seen that impacting some

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<v Speaker 1>of those share prices across that energy sector.

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<v Speaker 3>This morning. Okay, so that's the energy sector. Turning to defense,

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<v Speaker 3>then what's happening with Ryan Mattal Shares, Yeah.

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<v Speaker 1>Ryan Mettal, Leonardos, all of those names moving higher today.

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<v Speaker 1>This is the same story really as it has been

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<v Speaker 1>over the last couple of days, which is that the

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<v Speaker 1>tensions in the Middle East will likely mean higher defense

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<v Speaker 1>spending and that will then benefit the likes of Ryan

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<v Speaker 1>Mattawan all of those peers within that defense sector. This

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<v Speaker 1>is really even more relevant now that Europe has been

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<v Speaker 1>pulled into the conflict with the threats on Cyprus or

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<v Speaker 1>the British airbase on Cyprus being struck by a drone

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<v Speaker 1>strike on Sunday, which is marked the first and so

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<v Speaker 1>far the only attacked on European territory. But that means

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<v Speaker 1>that now a Greece, which is one of the close

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<v Speaker 1>allies Cypress, and then the UK and France are involved

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<v Speaker 1>in boosting those defense capabilities for Cyprus. And then of

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<v Speaker 1>course let's not forget that the war in Ukraine is

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<v Speaker 1>still very much happening. It shows no sign of ending,

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<v Speaker 1>and so all of that points to high defense spending

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<v Speaker 1>higher for LONGO as well, which then now translates into

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<v Speaker 1>all of those defense names in the green this.

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<v Speaker 3>Morning, okay, and then turning to move outside of geopolitics,

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<v Speaker 3>history tell us more about what's happening with them.

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<v Speaker 1>Yeah, very very bad day for history. Shares really plunged

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<v Speaker 1>this morning. There's two things that are happening. The first

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<v Speaker 1>is that the CEO is retiring after almost ten years

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<v Speaker 1>leading the company. And then secondly, the company also warned

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<v Speaker 1>of quite slow growth this year and saying that the

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<v Speaker 1>market conditions would remain really challenging and that might be

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<v Speaker 1>worsened by what is happening geopolitically as well. It's expecting

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<v Speaker 1>profit delivery to be very similar to that of last year,

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<v Speaker 1>and last year revenue and profit declined, so obviously investors

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<v Speaker 1>are a little bit disappointed by this. It doesn't bode

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<v Speaker 1>well for the rest of the house building sector either.

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<v Speaker 1>It's been, of course, dealing with a very few, very

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<v Speaker 1>difficult few years. It's been a period marked by high

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<v Speaker 1>interest rates, of course, the end of government stimulus to

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<v Speaker 1>help buyers, and then of course a couple of budgets

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<v Speaker 1>as well under labor. They have created some uncertainty and

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<v Speaker 1>therefore quite a muted market. Vistory did say it was

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<v Speaker 1>quite optimistic about the spring selling season. Soldiers have to

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<v Speaker 1>see if that's enough to boost it again.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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