1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,200 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,360 --> 00:00:17,919 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,040 --> 00:00:20,560 Speaker 3: the move today in Europe. I'm Stephen Carroll and I'm 6 00:00:20,640 --> 00:00:24,000 Speaker 3: joined by Bloomberg's Breaking News editor Louise Moon. Louise, let's 7 00:00:24,040 --> 00:00:26,680 Speaker 3: start then with the German defense sector and the move 8 00:00:26,760 --> 00:00:29,360 Speaker 3: higher in Ryan Mattal among others in the space. 9 00:00:29,720 --> 00:00:33,240 Speaker 1: Yeah, we're seeing across the whole of European defense sector. 10 00:00:33,600 --> 00:00:35,760 Speaker 1: We're seeing rises across that whole space. So as you say, 11 00:00:35,840 --> 00:00:38,920 Speaker 1: Ryan Mattall in Germany, BA Systems in the UK, SARV 12 00:00:39,000 --> 00:00:41,839 Speaker 1: and Stockholm among a host of others. And this is 13 00:00:41,880 --> 00:00:45,160 Speaker 1: all on the back of Germany set to approve twenty 14 00:00:45,240 --> 00:00:48,960 Speaker 1: nine military procurement contracts next week, so that's worth a 15 00:00:49,000 --> 00:00:53,440 Speaker 1: record fifty two billion euros. So a big push essentially 16 00:00:53,760 --> 00:00:56,280 Speaker 1: from their government to transform the military. They're saying, you 17 00:00:56,320 --> 00:00:59,720 Speaker 1: know that they're pledging to make it the strongest conventional army, 18 00:01:00,040 --> 00:01:04,080 Speaker 1: really ramping up that push into defense from them. Obviously 19 00:01:04,120 --> 00:01:06,520 Speaker 1: that this comes on the back of the rise in 20 00:01:06,560 --> 00:01:10,319 Speaker 1: defense spending that we've been seeing since Russia's invasion of Ukraine, 21 00:01:10,360 --> 00:01:12,800 Speaker 1: and this just really adds to that and is boosting 22 00:01:12,840 --> 00:01:16,520 Speaker 1: the stocks that have already benefited even higher in morning trading. 23 00:01:17,280 --> 00:01:19,880 Speaker 3: Yeah, indeed, Brye Matash shares up four point seven percent 24 00:01:20,080 --> 00:01:23,959 Speaker 3: this morning. Let's turn next to shares in British American Tobacco. 25 00:01:24,000 --> 00:01:27,119 Speaker 3: They're declining after the company ann ustedd update on its 26 00:01:27,120 --> 00:01:27,880 Speaker 3: revenue outlook. 27 00:01:28,240 --> 00:01:30,800 Speaker 1: Yeah, slightly less good news from them, So i'd say 28 00:01:30,800 --> 00:01:34,840 Speaker 1: shares falling pairing gains this year. That's after their results. 29 00:01:34,880 --> 00:01:37,640 Speaker 1: They're expecting revenue growth in twenty twinty six to come 30 00:01:37,640 --> 00:01:39,720 Speaker 1: in at the lower end of their guidance. They had 31 00:01:40,200 --> 00:01:43,479 Speaker 1: expected the high end. Now they're expecting the lower end. 32 00:01:43,560 --> 00:01:46,640 Speaker 1: So shares focusing on that and reacting on that. Despite 33 00:01:46,720 --> 00:01:48,680 Speaker 1: the company, you know, they also said they're on track 34 00:01:48,720 --> 00:01:50,840 Speaker 1: to hit goals this year. They boosted their buy back 35 00:01:51,520 --> 00:01:54,600 Speaker 1: on the back of new generation products things like vapes 36 00:01:54,840 --> 00:01:58,440 Speaker 1: and nicotine patches. But and lists focusing on that change 37 00:01:58,520 --> 00:02:03,560 Speaker 1: in revenue growth guidance and just on a note on 38 00:02:03,880 --> 00:02:06,960 Speaker 1: their push into new generation products. This is really their 39 00:02:07,000 --> 00:02:11,480 Speaker 1: whole theme going forward. You know, they've consumer trends are changing. 40 00:02:11,639 --> 00:02:15,720 Speaker 1: People are moving or spending less on cigarettes, moving away 41 00:02:15,720 --> 00:02:18,040 Speaker 1: from that, and BAT for a while have been trying 42 00:02:18,040 --> 00:02:20,320 Speaker 1: to push into these new products with things like vapes 43 00:02:21,080 --> 00:02:24,320 Speaker 1: and Blueberg. Intelligence are saying, you know, more profitable growth 44 00:02:24,360 --> 00:02:28,000 Speaker 1: in that area would support more cash generation going forward, 45 00:02:28,040 --> 00:02:31,520 Speaker 1: more buybacks in the future, so more work kind of 46 00:02:31,560 --> 00:02:34,880 Speaker 1: needs to be done to shore up BAT going forward. 47 00:02:35,320 --> 00:02:37,800 Speaker 3: Yeah, it shows down just over three percent in London 48 00:02:37,840 --> 00:02:40,760 Speaker 3: this morning, and we'll turn to pisson Crop next. The 49 00:02:40,880 --> 00:02:43,040 Speaker 3: show is down nine percent. What's going on. 50 00:02:43,480 --> 00:02:45,760 Speaker 1: Yeah, So again this is a focus on kind of 51 00:02:45,800 --> 00:02:49,760 Speaker 1: one part of their updates, so they their twenty twenty 52 00:02:49,800 --> 00:02:53,519 Speaker 1: six guidance missed estimates, so future guidance and again and 53 00:02:53,680 --> 00:02:56,400 Speaker 1: lists are focusing on that and it's outweighing other news 54 00:02:56,400 --> 00:02:58,640 Speaker 1: this morning. They also met their targets this year despite 55 00:02:58,720 --> 00:03:02,240 Speaker 1: kind of what they're calling a difficult economic backshop. They 56 00:03:02,280 --> 00:03:06,360 Speaker 1: expect that to continue. Essentially, they're kind of tackling a 57 00:03:06,400 --> 00:03:09,480 Speaker 1: host of a host of things, both external and internal. 58 00:03:09,520 --> 00:03:14,080 Speaker 1: So externally, there's a weakness in the automotive sector that 59 00:03:14,080 --> 00:03:17,760 Speaker 1: they've been grappling with, and then internally they're still kind 60 00:03:17,760 --> 00:03:21,480 Speaker 1: of plowing on with their ongoing, long, ongoing restructuring, and 61 00:03:21,520 --> 00:03:25,000 Speaker 1: there's a lot of costs associated with that, but as 62 00:03:25,000 --> 00:03:27,600 Speaker 1: I say, yeah, it invests a focusing on that guidance 63 00:03:27,680 --> 00:03:30,880 Speaker 1: myths and shares down heavily into the threat. 64 00:03:32,360 --> 00:03:36,360 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 65 00:03:36,440 --> 00:03:39,040 Speaker 2: us throughout the day for the latest roundup of companies 66 00:03:39,080 --> 00:03:42,200 Speaker 2: making news on Wall Street and for the latest market 67 00:03:42,240 --> 00:03:46,680 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 68 00:03:46,800 --> 00:03:50,280 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 69 00:03:50,360 --> 00:03:51,840 Speaker 2: the Bloomberg Business app.