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 1: Let's take a look at some stocks on the move
Speaker 1: today in Europe by Manor Edwards along with Caroline Hepka.
Speaker 1: We're joined by Bloomberg's Tea What at a Bio. Let's
Speaker 1: start then with gains for Science Co. What's behind the moves?
Speaker 3: Yeah, Science goes up as much as four point nine
Speaker 3: percent this morning. It's one of the biggest gain is
Speaker 3: actually on the stock six hundred. It's obviously the major
Speaker 3: global science, advanced materials and specialist chemicals company. These are
Speaker 3: yet more gains Science caps. Just last week actuos talking
Speaker 3: to you about their shares jumping the most in over
Speaker 3: a year, and that was after a beat on earnings.
Speaker 3: It's important to note that that included a beat in
Speaker 3: their performance and care net sales business, and that significantly
Speaker 3: is Today's gain comes as Science Code is starting a
Speaker 3: strategic review of this segments of performance and care and
Speaker 3: it's really part of the firm's overall intention going forward
Speaker 3: to focus on becoming more of a pure play specialty
Speaker 3: materials and advanced technology company that's calling to a statement.
Speaker 3: So I think it's interesting though that investors are seemingly
Speaker 3: backing this further streamlining despite the overall beat and despite
Speaker 3: the performance and care earnings last week.
Speaker 4: Okay, so that's on Science Code Now. EasyJet we had
Speaker 4: earnings out this morning, heard from the CEO speaking to
Speaker 4: Bloomberg and lots of focus on the impact of the
Speaker 4: energy crisis.
Speaker 3: Absolutely, EasyJet fluctuating today. Shares erased initial losses to gain slightly,
Speaker 3: up as much as two point five percent, but as
Speaker 3: you mentioned, Caroline is really in line with the sort
Speaker 3: of broader anxiety that we're seeing across the travel sector
Speaker 3: since the start of the Iran war. Easy Jet did
Speaker 3: report wider headline pre tax losses than expected in the
Speaker 3: first half of the year today, although it's good to
Speaker 3: note that this loss was actually within the range that
Speaker 3: was given by the firm originally. But even so, analysts
Speaker 3: are expecting full year consensus expectations to drop further, and
Speaker 3: that's following cuts that have been made since the start
Speaker 3: of the year. Some interesting commentary from RBC. They're flagging
Speaker 3: a later booking trend, so people are putting off booking
Speaker 3: their summer holidays because they're concerned about airfares and cancelations
Speaker 3: in the midst of the closure of the straight of
Speaker 3: hormoods and the pressure that's putting on fuel costs. So
Speaker 3: perhaps we can expect to see this trend proliferate further
Speaker 3: in the sector.
Speaker 1: And finally ensured. Generally talk us through the latest here.
Speaker 3: Yeah, so generally is up as much as two point
Speaker 3: nine percent this morning. It's actually the best performer in
Speaker 3: the stock six hundred Insurer's index, and really the big
Speaker 3: driver here is earning. So analysts saying that the first
Speaker 3: quarter results are strong, City saying it's a decent beat
Speaker 3: early in the year and it should be taken well. However,
Speaker 3: it's interesting, actually Barclays was saying that all these metrics
Speaker 3: that are ahead of expectations, the expectations themselves were undemanding
Speaker 3: in the first place, so they don't see the need
Speaker 3: for any meaningful consensus revisions. But that aside, investors are
Speaker 3: reacting well. It seems healthy gains for generally this morning.
Speaker 2: The stock Mover's 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.