Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Well, let's take a look at some stocks on the
Speaker 3: move today in Europe. I'm Stephen Carol and I'm joined
Speaker 3: by Bloomberg's Chloe Melee for more. Chloe, let's start with
Speaker 3: energy in focus this morning. Of course, again, what's happening
Speaker 3: with the oil producer reps ale.
Speaker 1: Yeah, well, we've seen quite a lot of weakness across
Speaker 1: the board for some of those energy names this morning,
Speaker 1: Repsol being one of them. And so a lot of
Speaker 1: that has to do with Trump saying that if necessary,
Speaker 1: the US will work to ensure and escort oil tankers
Speaker 1: moving through the Persian Gulf, which he said would avoid
Speaker 1: an energy crisis. And so that has caused some pullback
Speaker 1: in oil prices and therefore a pullback in oil companies
Speaker 1: share prices. So that's a bit of a reversal from
Speaker 1: what we've seen over the last couple of days with
Speaker 1: oil prices and oil company's share price is moving much higher.
Speaker 1: But the industry, the shipping industry is saying that the
Speaker 1: plan from Trump is only really a partial fix, and
Speaker 1: that it lacks a lot of clarity on how it
Speaker 1: would actually be implemented. It's a much more complex plan
Speaker 1: with a much larger scale than similar plans that have
Speaker 1: come before, and you know, given the number of producers
Speaker 1: and consumers involved, the complexity is really quite staggering. And
Speaker 1: some ship owners have also said that they're wary of
Speaker 1: relying a little bit too much on a volatile US administration.
Speaker 1: So the execution of it, the cost of it, a
Speaker 1: lot of there's a lot of question marks that remain.
Speaker 1: But in the meantime, we have seen that impacting some
Speaker 1: of those share prices across that energy sector.
Speaker 3: This morning. Okay, so that's the energy sector. Turning to defense,
Speaker 3: then what's happening with Ryan Mattal Shares, Yeah.
Speaker 1: Ryan Mettal, Leonardos, all of those names moving higher today.
Speaker 1: This is the same story really as it has been
Speaker 1: over the last couple of days, which is that the
Speaker 1: tensions in the Middle East will likely mean higher defense
Speaker 1: spending and that will then benefit the likes of Ryan
Speaker 1: Mattawan all of those peers within that defense sector. This
Speaker 1: is really even more relevant now that Europe has been
Speaker 1: pulled into the conflict with the threats on Cyprus or
Speaker 1: the British airbase on Cyprus being struck by a drone
Speaker 1: strike on Sunday, which is marked the first and so
Speaker 1: far the only attacked on European territory. But that means
Speaker 1: that now a Greece, which is one of the close
Speaker 1: allies Cypress, and then the UK and France are involved
Speaker 1: in boosting those defense capabilities for Cyprus. And then of
Speaker 1: course let's not forget that the war in Ukraine is
Speaker 1: still very much happening. It shows no sign of ending,
Speaker 1: and so all of that points to high defense spending
Speaker 1: higher for LONGO as well, which then now translates into
Speaker 1: all of those defense names in the green this.
Speaker 3: Morning, okay, and then turning to move outside of geopolitics,
Speaker 3: history tell us more about what's happening with them.
Speaker 1: Yeah, very very bad day for history. Shares really plunged
Speaker 1: this morning. There's two things that are happening. The first
Speaker 1: is that the CEO is retiring after almost ten years
Speaker 1: leading the company. And then secondly, the company also warned
Speaker 1: of quite slow growth this year and saying that the
Speaker 1: market conditions would remain really challenging and that might be
Speaker 1: worsened by what is happening geopolitically as well. It's expecting
Speaker 1: profit delivery to be very similar to that of last year,
Speaker 1: and last year revenue and profit declined, so obviously investors
Speaker 1: are a little bit disappointed by this. It doesn't bode
Speaker 1: well for the rest of the house building sector either.
Speaker 1: It's been, of course, dealing with a very few, very
Speaker 1: difficult few years. It's been a period marked by high
Speaker 1: interest rates, of course, the end of government stimulus to
Speaker 1: help buyers, and then of course a couple of budgets
Speaker 1: as well under labor. They have created some uncertainty and
Speaker 1: therefore quite a muted market. Vistory did say it was
Speaker 1: quite optimistic about the spring selling season. Soldiers have to
Speaker 1: see if that's enough to boost it again.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.