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
00:00:16,320 --> 00:00:17,840
Speaker 3: Now, let's take a look at some stocks on the

5
00:00:17,880 --> 00:00:20,360
Speaker 3: move today in Europe. I'm Stephen Carroll and I'm joined

6
00:00:20,360 --> 00:00:23,759
Speaker 3: by Bloomberg's Breaking News editor Louise Moon. Louise, good morning.

7
00:00:24,200 --> 00:00:27,840
Speaker 3: Let's start with Aston Martin issuing another profit warning.

8
00:00:28,520 --> 00:00:32,120
Speaker 1: Yes, yet another one, so it's warned on full year profits.

9
00:00:33,159 --> 00:00:36,120
Speaker 1: This is all part of this kind of long, ongoing

10
00:00:36,200 --> 00:00:39,120
Speaker 1: story that we've seen essentially since twenty twenty. So the

11
00:00:39,120 --> 00:00:43,240
Speaker 1: Canadian billionaire Laurence Strull bought ASA Martin in twenty twenty

12
00:00:43,320 --> 00:00:46,880
Speaker 1: and he's been really struggling to turn it around. It's

13
00:00:47,560 --> 00:00:52,200
Speaker 1: very det laiden. It's been repeatedly trying to raise money.

14
00:00:52,200 --> 00:00:54,720
Speaker 1: There's been a series of profit warnings. They've tried to

15
00:00:54,720 --> 00:00:57,440
Speaker 1: add more models, they've struggled to gain traction. Then more

16
00:00:57,480 --> 00:00:59,840
Speaker 1: recently they've been hit by tariffs. The US is as

17
00:01:00,040 --> 00:01:03,120
Speaker 1: Martin's biggest market, and they've been trying to cut costs,

18
00:01:03,160 --> 00:01:05,840
Speaker 1: so a whole host of things, and this morning is

19
00:01:06,160 --> 00:01:10,320
Speaker 1: the latest profit warning. So shares falling on that slightly

20
00:01:10,360 --> 00:01:12,640
Speaker 1: this morning, but then you look down, you look back

21
00:01:12,680 --> 00:01:15,319
Speaker 1: at their past year, and they're down about fifty percent

22
00:01:15,880 --> 00:01:20,480
Speaker 1: over that past year. Bloomberg Intelligence and a note this

23
00:01:20,480 --> 00:01:24,760
Speaker 1: morning was saying, you know, now credibility of management is

24
00:01:24,840 --> 00:01:28,080
Speaker 1: really on the line, and some guidance is needed for

25
00:01:28,120 --> 00:01:30,920
Speaker 1: twenty twenty six to show what the path is going

26
00:01:30,959 --> 00:01:33,639
Speaker 1: to be to for things to become more positive, essentially

27
00:01:33,680 --> 00:01:37,600
Speaker 1: for there to be more positive cash flow for results.

28
00:01:37,600 --> 00:01:40,720
Speaker 1: Results are coming next Wednesday, so there could potentially be

29
00:01:40,880 --> 00:01:45,240
Speaker 1: some guidance there. There was kind of one very small

30
00:01:45,240 --> 00:01:48,040
Speaker 1: bit of maybe positive news. Aston Martin has agreed to

31
00:01:48,080 --> 00:01:50,280
Speaker 1: deal with the Formula one team to sell the right

32
00:01:50,320 --> 00:01:54,000
Speaker 1: to use that name for fifty million, so a slight

33
00:01:54,240 --> 00:01:59,040
Speaker 1: bit of cash there, which analysts is slightly upbeat about.

34
00:01:59,040 --> 00:02:00,800
Speaker 1: But overall that there were about the debt, they're worry

35
00:02:00,800 --> 00:02:02,920
Speaker 1: about the turnaround issues, and shares are falling on the

36
00:02:02,960 --> 00:02:03,320
Speaker 1: back of that.

37
00:02:03,560 --> 00:02:05,240
Speaker 3: Okay, but I appreciate you trying to find a silver

38
00:02:05,320 --> 00:02:07,480
Speaker 3: lining in that story as well, So so thanks Louise.

39
00:02:07,760 --> 00:02:10,560
Speaker 3: Let's turn too the Irish building from Kingspan next. Their

40
00:02:10,600 --> 00:02:12,520
Speaker 3: shares are almost eight percent in Dublin.

41
00:02:12,760 --> 00:02:15,280
Speaker 1: Yeah, hitting the highest since twenty twenty four this morning.

42
00:02:15,320 --> 00:02:18,760
Speaker 1: That's after record revenues. It was in line with expectations,

43
00:02:18,800 --> 00:02:21,440
Speaker 1: but still record revenues. And it's all on the back

44
00:02:21,520 --> 00:02:25,160
Speaker 1: of demand for data centers. So one of their units

45
00:02:25,160 --> 00:02:29,480
Speaker 1: builds infrastructure for data centers and it's essentially doing really

46
00:02:29,520 --> 00:02:32,320
Speaker 1: well on the back of this ramping up demand as

47
00:02:32,520 --> 00:02:35,520
Speaker 1: the use of AI increases globally and people want those

48
00:02:35,600 --> 00:02:38,320
Speaker 1: data centers and they need those facilities. So sales in

49
00:02:38,360 --> 00:02:40,839
Speaker 1: that unit grew by twelve percent last year. They're saying

50
00:02:40,880 --> 00:02:44,640
Speaker 1: there's an extraordinary pipeline in their words, for that unit

51
00:02:44,680 --> 00:02:48,080
Speaker 1: ahead and that helped Kingspan offset what was kind of

52
00:02:48,160 --> 00:02:51,680
Speaker 1: softer activity in their residential units, so, which is their

53
00:02:51,720 --> 00:02:55,000
Speaker 1: other main segment. So shares, as I say, rose over

54
00:02:55,560 --> 00:02:59,480
Speaker 1: about seven percent and hitting a high since twenty twenty four.

55
00:03:00,120 --> 00:03:03,320
Speaker 3: Okay, and a quiz question, whose diamonds are in the

56
00:03:03,440 --> 00:03:10,000
Speaker 3: RAF to Beers? Very girl, Anglo Exactly. You've been looking

57
00:03:10,000 --> 00:03:11,079
Speaker 3: at their results this morning?

58
00:03:11,280 --> 00:03:14,000
Speaker 1: I have, I have, yeah, So Anglo American had their results.

59
00:03:14,000 --> 00:03:16,840
Speaker 1: The negative news is that they took their third write

60
00:03:16,919 --> 00:03:19,040
Speaker 1: down in two years on to Beers, which is their

61
00:03:19,080 --> 00:03:23,240
Speaker 1: diamond unit. That's for two point three billion US dollars

62
00:03:23,960 --> 00:03:28,600
Speaker 1: and it's all part of their again that they're in

63
00:03:28,600 --> 00:03:31,079
Speaker 1: the middle of a transformation. So Anglo American have been

64
00:03:31,120 --> 00:03:34,000
Speaker 1: trying to sell off to beers as well as their

65
00:03:34,040 --> 00:03:36,520
Speaker 1: coal unit and their platinum unit and focus on what

66
00:03:36,560 --> 00:03:38,960
Speaker 1: are kind of the money makers, so copper and iron ore.

67
00:03:40,480 --> 00:03:44,080
Speaker 1: They have divested platinum, they're still stuck with diamonds and

68
00:03:44,120 --> 00:03:47,320
Speaker 1: with coal, which are proving harder to sell. And they're

69
00:03:47,320 --> 00:03:50,720
Speaker 1: continuing to weigh on earnings. And as I say there

70
00:03:50,840 --> 00:03:53,600
Speaker 1: that they posted that right down this morning. The CEO

71
00:03:54,000 --> 00:03:56,600
Speaker 1: said on a call with reporters earlier that he said,

72
00:03:56,640 --> 00:04:00,240
Speaker 1: I certainly hope that this is a low point. So

73
00:04:00,280 --> 00:04:03,720
Speaker 1: that's the negative news overall. That their earnings did do okay,

74
00:04:04,240 --> 00:04:07,839
Speaker 1: So online earnings rose two percent profits of six point

75
00:04:07,880 --> 00:04:13,040
Speaker 1: four billion dollars, so it was okay. Shares actually rose.

76
00:04:13,200 --> 00:04:16,919
Speaker 1: It seems to be the analysts are focusing on again

77
00:04:17,000 --> 00:04:20,200
Speaker 1: focusing on the bit of positive and that's that they

78
00:04:20,640 --> 00:04:23,159
Speaker 1: have agreed that they did agree a while ago a

79
00:04:23,279 --> 00:04:25,400
Speaker 1: deal to buy Tech, one of the world's biggest comp miners,

80
00:04:25,400 --> 00:04:28,320
Speaker 1: So focusing on that positivity going ahead and the push

81
00:04:28,400 --> 00:04:29,040
Speaker 1: into copper.

82
00:04:29,080 --> 00:04:33,920
Speaker 2: Despite that right down the stock movers report from Bloomberg Radio.

83
00:04:34,400 --> 00:04:36,560
Speaker 2: Check back with us throughout the day for the latest

84
00:04:36,600 --> 00:04:39,800
Speaker 2: roundup of companies making news on Wall Street, and for

85
00:04:39,920 --> 00:04:43,839
Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live,

86
00:04:44,240 --> 00:04:47,839
Speaker 2: catch us on YouTube, Bloomberg dot com, and on Applecarplay

87
00:04:47,880 --> 00:04:50,479
Speaker 2: and Android Auto with the Bloomberg Business app.