Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Now, let's take a look at some of the stocks
Speaker 3: on the move today here in Europe. I'm Caroline Hepgin.
Speaker 3: I'm joined by Blue Biggs Breaking News Editor Chloe Malay.
Speaker 3: Good morning, Chloe. Rhanas revenue souring?
Speaker 1: Why yeah, So. Rhana had a good, great, good report
Speaker 1: this morning. Net income more than doubled in the fiscal
Speaker 1: first quarter. That's the back of really strong air travel demand,
Speaker 1: a recovery in fairs as well, and the easing of
Speaker 1: delays related to Boeing aircraft deliveries. It also said that
Speaker 1: it sees very strong summer demand, which is obviously a
Speaker 1: very crucial season for the company. That led the stock
Speaker 1: higher this morning and also pushed up the shares of
Speaker 1: other budget airlines to Wiz that is also reporting later
Speaker 1: this week and Easy as well. In terms of some
Speaker 1: caveats that it added on in its for its kind
Speaker 1: of very strong report, it did say that fair increases
Speaker 1: in the second quarter will be a little bit lower
Speaker 1: than the first, and with regards to tariffs.
Speaker 2: It said that any.
Speaker 1: Tariff costs would be on Boeing to bear, so it's
Speaker 1: kind of shielding itself there. So we'll see how that
Speaker 1: kind of holds up when we'z air reports are on
Speaker 1: Thursday and whether that summer traveled them on really carries
Speaker 1: through for all of those airlines.
Speaker 3: Yes, absolutely, and their share price is done well over
Speaker 3: the course of this year and increasing today also year
Speaker 3: to date up twenty one percent for Rhana's share price,
Speaker 3: So yes, a good news for investors as we think
Speaker 3: about rhanair. But one thing not really going anywhere Stillants'
Speaker 3: cars far a few of them actually getting to the US,
Speaker 3: and Stillant's share price taking a.
Speaker 1: Big hit, yes, big hit indeed this morning so it
Speaker 1: reported preliminary earning, so it was it was unscheduled and
Speaker 1: it said that it was recorded a net loss of
Speaker 1: two point three billion euros and that was compared to
Speaker 1: an expectation of a profit, So a real big surprise
Speaker 1: there from Stilantis. It cited restructuring expenses, sales that were
Speaker 1: also going down, waning sales, and the impact of course
Speaker 1: of US tariffs. Silantis is really exposed to tariffs in
Speaker 1: the trade war because it's got a lot of different
Speaker 1: manufacturing facilities across different regions. The issues, as you've mentioned,
Speaker 1: are the worst in North America. So the shipment's felled
Speaker 1: twenty five percent in the second quarter. The new CEO,
Speaker 1: Antonio Feloso, is trying to to stem this sales and
Speaker 1: earnings a slump, and it's really trying to kind of
Speaker 1: restructure the company and shift investments from electric to hybrid
Speaker 1: as well. That was hurting the stock this morning. It
Speaker 1: also dragged down a little bit of the rest of
Speaker 1: the car sector, like Volkswagen and BMW, but not as
Speaker 1: much as expected. So it might be that, you know,
Speaker 1: from investors' perspective, it's really more of a company specific
Speaker 1: story rather than a sector wide story. So we'll have
Speaker 1: to see how the other car makers fare a little
Speaker 1: bit later in the season.
Speaker 3: Yeah, it was a dramatic decline, wasn't it in terms
Speaker 3: of car shipments for Stilantis. We'll get more details from
Speaker 3: their full results. As you say, now, this French real
Speaker 3: estate company, Covivio, has also raised its earning outlook. How's
Speaker 3: the market reacting to that?
Speaker 1: Yeah, so quite well. The shares are by a fair
Speaker 1: bit this morning. It said that it had seen really
Speaker 1: strong growth in the German residential market, a good performance
Speaker 1: in the hotels sector, and also stabilizing environment in the
Speaker 1: office market in Europe, which is quite interesting given the
Speaker 1: amount of weakness that we've seen their you know, given
Speaker 1: the move towards more hybrid work. The shares rose is
Speaker 1: quite quite a bit of the back of that, as
Speaker 1: I said, and Bloomberg Attegent said that the value gains
Speaker 1: in the portfolio going forward really likely to be driven
Speaker 1: by German residential where there's really strong growth because there's
Speaker 1: increase runds and a supply shortage, so that should be
Speaker 1: really positive for Cuvivio, and they might mark kind of
Speaker 1: an indicator of some of those real estate investment trusts
Speaker 1: kind of turning a corner across some of those key markets.
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