1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,480 --> 00:00:19,040 Speaker 3: Now, let's take a look at some of the stocks 5 00:00:19,040 --> 00:00:21,200 Speaker 3: on the move today here in Europe. I'm Caroline Hepgin. 6 00:00:21,239 --> 00:00:23,760 Speaker 3: I'm joined by Blue Biggs Breaking News Editor Chloe Malay. 7 00:00:23,800 --> 00:00:26,760 Speaker 3: Good morning, Chloe. Rhanas revenue souring? 8 00:00:27,280 --> 00:00:30,520 Speaker 1: Why yeah, So. Rhana had a good, great, good report 9 00:00:30,520 --> 00:00:33,080 Speaker 1: this morning. Net income more than doubled in the fiscal 10 00:00:33,400 --> 00:00:36,960 Speaker 1: first quarter. That's the back of really strong air travel demand, 11 00:00:37,479 --> 00:00:40,680 Speaker 1: a recovery in fairs as well, and the easing of 12 00:00:40,720 --> 00:00:44,440 Speaker 1: delays related to Boeing aircraft deliveries. It also said that 13 00:00:44,479 --> 00:00:47,440 Speaker 1: it sees very strong summer demand, which is obviously a 14 00:00:47,560 --> 00:00:52,280 Speaker 1: very crucial season for the company. That led the stock 15 00:00:52,479 --> 00:00:55,200 Speaker 1: higher this morning and also pushed up the shares of 16 00:00:55,280 --> 00:00:58,800 Speaker 1: other budget airlines to Wiz that is also reporting later 17 00:00:58,880 --> 00:01:01,760 Speaker 1: this week and Easy as well. In terms of some 18 00:01:01,840 --> 00:01:04,560 Speaker 1: caveats that it added on in its for its kind 19 00:01:04,560 --> 00:01:07,440 Speaker 1: of very strong report, it did say that fair increases 20 00:01:07,600 --> 00:01:10,640 Speaker 1: in the second quarter will be a little bit lower 21 00:01:10,680 --> 00:01:12,920 Speaker 1: than the first, and with regards to tariffs. 22 00:01:13,000 --> 00:01:13,840 Speaker 2: It said that any. 23 00:01:13,640 --> 00:01:16,959 Speaker 1: Tariff costs would be on Boeing to bear, so it's 24 00:01:17,040 --> 00:01:19,880 Speaker 1: kind of shielding itself there. So we'll see how that 25 00:01:19,959 --> 00:01:22,040 Speaker 1: kind of holds up when we'z air reports are on 26 00:01:22,120 --> 00:01:25,800 Speaker 1: Thursday and whether that summer traveled them on really carries 27 00:01:25,880 --> 00:01:27,560 Speaker 1: through for all of those airlines. 28 00:01:28,000 --> 00:01:31,280 Speaker 3: Yes, absolutely, and their share price is done well over 29 00:01:31,319 --> 00:01:34,240 Speaker 3: the course of this year and increasing today also year 30 00:01:34,280 --> 00:01:38,440 Speaker 3: to date up twenty one percent for Rhana's share price, 31 00:01:38,480 --> 00:01:41,920 Speaker 3: So yes, a good news for investors as we think 32 00:01:41,920 --> 00:01:46,440 Speaker 3: about rhanair. But one thing not really going anywhere Stillants' 33 00:01:46,640 --> 00:01:50,520 Speaker 3: cars far a few of them actually getting to the US, 34 00:01:50,800 --> 00:01:52,640 Speaker 3: and Stillant's share price taking a. 35 00:01:52,600 --> 00:01:55,200 Speaker 1: Big hit, yes, big hit indeed this morning so it 36 00:01:55,240 --> 00:01:58,640 Speaker 1: reported preliminary earning, so it was it was unscheduled and 37 00:01:58,920 --> 00:02:01,880 Speaker 1: it said that it was recorded a net loss of 38 00:02:01,880 --> 00:02:05,280 Speaker 1: two point three billion euros and that was compared to 39 00:02:05,360 --> 00:02:08,200 Speaker 1: an expectation of a profit, So a real big surprise 40 00:02:08,240 --> 00:02:13,680 Speaker 1: there from Stilantis. It cited restructuring expenses, sales that were 41 00:02:13,720 --> 00:02:17,400 Speaker 1: also going down, waning sales, and the impact of course 42 00:02:17,440 --> 00:02:22,000 Speaker 1: of US tariffs. Silantis is really exposed to tariffs in 43 00:02:22,040 --> 00:02:24,560 Speaker 1: the trade war because it's got a lot of different 44 00:02:24,560 --> 00:02:29,280 Speaker 1: manufacturing facilities across different regions. The issues, as you've mentioned, 45 00:02:29,320 --> 00:02:32,000 Speaker 1: are the worst in North America. So the shipment's felled 46 00:02:32,000 --> 00:02:36,000 Speaker 1: twenty five percent in the second quarter. The new CEO, 47 00:02:36,120 --> 00:02:40,480 Speaker 1: Antonio Feloso, is trying to to stem this sales and 48 00:02:40,560 --> 00:02:44,720 Speaker 1: earnings a slump, and it's really trying to kind of 49 00:02:44,760 --> 00:02:49,000 Speaker 1: restructure the company and shift investments from electric to hybrid 50 00:02:49,400 --> 00:02:52,120 Speaker 1: as well. That was hurting the stock this morning. It 51 00:02:52,160 --> 00:02:54,280 Speaker 1: also dragged down a little bit of the rest of 52 00:02:54,480 --> 00:02:57,800 Speaker 1: the car sector, like Volkswagen and BMW, but not as 53 00:02:57,880 --> 00:03:00,520 Speaker 1: much as expected. So it might be that, you know, 54 00:03:00,560 --> 00:03:04,079 Speaker 1: from investors' perspective, it's really more of a company specific 55 00:03:04,160 --> 00:03:08,480 Speaker 1: story rather than a sector wide story. So we'll have 56 00:03:08,520 --> 00:03:10,760 Speaker 1: to see how the other car makers fare a little 57 00:03:10,760 --> 00:03:11,760 Speaker 1: bit later in the season. 58 00:03:11,840 --> 00:03:14,240 Speaker 3: Yeah, it was a dramatic decline, wasn't it in terms 59 00:03:14,240 --> 00:03:17,960 Speaker 3: of car shipments for Stilantis. We'll get more details from 60 00:03:18,000 --> 00:03:21,639 Speaker 3: their full results. As you say, now, this French real 61 00:03:21,720 --> 00:03:26,840 Speaker 3: estate company, Covivio, has also raised its earning outlook. How's 62 00:03:26,880 --> 00:03:28,200 Speaker 3: the market reacting to that? 63 00:03:28,600 --> 00:03:31,880 Speaker 1: Yeah, so quite well. The shares are by a fair 64 00:03:31,919 --> 00:03:34,560 Speaker 1: bit this morning. It said that it had seen really 65 00:03:34,600 --> 00:03:38,520 Speaker 1: strong growth in the German residential market, a good performance 66 00:03:38,720 --> 00:03:42,800 Speaker 1: in the hotels sector, and also stabilizing environment in the 67 00:03:42,840 --> 00:03:45,480 Speaker 1: office market in Europe, which is quite interesting given the 68 00:03:45,480 --> 00:03:49,360 Speaker 1: amount of weakness that we've seen their you know, given 69 00:03:49,440 --> 00:03:53,160 Speaker 1: the move towards more hybrid work. The shares rose is 70 00:03:53,320 --> 00:03:54,920 Speaker 1: quite quite a bit of the back of that, as 71 00:03:54,920 --> 00:03:58,240 Speaker 1: I said, and Bloomberg Attegent said that the value gains 72 00:03:58,240 --> 00:04:01,200 Speaker 1: in the portfolio going forward really likely to be driven 73 00:04:01,240 --> 00:04:04,480 Speaker 1: by German residential where there's really strong growth because there's 74 00:04:04,760 --> 00:04:08,480 Speaker 1: increase runds and a supply shortage, so that should be 75 00:04:08,520 --> 00:04:11,880 Speaker 1: really positive for Cuvivio, and they might mark kind of 76 00:04:12,760 --> 00:04:15,720 Speaker 1: an indicator of some of those real estate investment trusts 77 00:04:15,760 --> 00:04:18,359 Speaker 1: kind of turning a corner across some of those key markets. 78 00:04:19,480 --> 00:04:23,599 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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