WEBVTT - Syensqo Gains, EasyJet Fluctuates, Generali Advances

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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 Europe by Manor Edwards along with Caroline Hepka.

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<v Speaker 1>We're joined by Bloomberg's Tea What at a Bio. Let's

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<v Speaker 1>start then with gains for Science Co. What's behind the moves?

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<v Speaker 3>Yeah, Science goes up as much as four point nine

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<v Speaker 3>percent this morning. It's one of the biggest gain is

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<v Speaker 3>actually on the stock six hundred. It's obviously the major

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<v Speaker 3>global science, advanced materials and specialist chemicals company. These are

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<v Speaker 3>yet more gains Science caps. Just last week actuos talking

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<v Speaker 3>to you about their shares jumping the most in over

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<v Speaker 3>a year, and that was after a beat on earnings.

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<v Speaker 3>It's important to note that that included a beat in

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<v Speaker 3>their performance and care net sales business, and that significantly

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<v Speaker 3>is Today's gain comes as Science Code is starting a

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<v Speaker 3>strategic review of this segments of performance and care and

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<v Speaker 3>it's really part of the firm's overall intention going forward

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<v Speaker 3>to focus on becoming more of a pure play specialty

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<v Speaker 3>materials and advanced technology company that's calling to a statement.

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<v Speaker 3>So I think it's interesting though that investors are seemingly

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<v Speaker 3>backing this further streamlining despite the overall beat and despite

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<v Speaker 3>the performance and care earnings last week.

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<v Speaker 4>Okay, so that's on Science Code Now. EasyJet we had

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<v Speaker 4>earnings out this morning, heard from the CEO speaking to

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<v Speaker 4>Bloomberg and lots of focus on the impact of the

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<v Speaker 4>energy crisis.

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<v Speaker 3>Absolutely, EasyJet fluctuating today. Shares erased initial losses to gain slightly,

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<v Speaker 3>up as much as two point five percent, but as

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<v Speaker 3>you mentioned, Caroline is really in line with the sort

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<v Speaker 3>of broader anxiety that we're seeing across the travel sector

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<v Speaker 3>since the start of the Iran war. Easy Jet did

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<v Speaker 3>report wider headline pre tax losses than expected in the

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<v Speaker 3>first half of the year today, although it's good to

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<v Speaker 3>note that this loss was actually within the range that

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<v Speaker 3>was given by the firm originally. But even so, analysts

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<v Speaker 3>are expecting full year consensus expectations to drop further, and

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<v Speaker 3>that's following cuts that have been made since the start

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<v Speaker 3>of the year. Some interesting commentary from RBC. They're flagging

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<v Speaker 3>a later booking trend, so people are putting off booking

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<v Speaker 3>their summer holidays because they're concerned about airfares and cancelations

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<v Speaker 3>in the midst of the closure of the straight of

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<v Speaker 3>hormoods and the pressure that's putting on fuel costs. So

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<v Speaker 3>perhaps we can expect to see this trend proliferate further

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<v Speaker 3>in the sector.

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<v Speaker 1>And finally ensured. Generally talk us through the latest here.

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<v Speaker 3>Yeah, so generally is up as much as two point

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<v Speaker 3>nine percent this morning. It's actually the best performer in

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<v Speaker 3>the stock six hundred Insurer's index, and really the big

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<v Speaker 3>driver here is earning. So analysts saying that the first

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<v Speaker 3>quarter results are strong, City saying it's a decent beat

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<v Speaker 3>early in the year and it should be taken well. However,

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<v Speaker 3>it's interesting, actually Barclays was saying that all these metrics

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<v Speaker 3>that are ahead of expectations, the expectations themselves were undemanding

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<v Speaker 3>in the first place, so they don't see the need

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<v Speaker 3>for any meaningful consensus revisions. But that aside, investors are

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<v Speaker 3>reacting well. It seems healthy gains for generally this morning.

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