WEBVTT - Aston Martin Dips, Kingspan Climbs, Anglo American Up

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Now, let's take a look at some stocks on the

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<v Speaker 3>move today in Europe. I'm Stephen Carroll and I'm joined

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<v Speaker 3>by Bloomberg's Breaking News editor Louise Moon. Louise, good morning.

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<v Speaker 3>Let's start with Aston Martin issuing another profit warning.

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<v Speaker 1>Yes, yet another one, so it's warned on full year profits.

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<v Speaker 1>This is all part of this kind of long, ongoing

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<v Speaker 1>story that we've seen essentially since twenty twenty. So the

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<v Speaker 1>Canadian billionaire Laurence Strull bought ASA Martin in twenty twenty

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<v Speaker 1>and he's been really struggling to turn it around. It's

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<v Speaker 1>very det laiden. It's been repeatedly trying to raise money.

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<v Speaker 1>There's been a series of profit warnings. They've tried to

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<v Speaker 1>add more models, they've struggled to gain traction. Then more

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<v Speaker 1>recently they've been hit by tariffs. The US is as

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<v Speaker 1>Martin's biggest market, and they've been trying to cut costs,

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<v Speaker 1>so a whole host of things, and this morning is

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<v Speaker 1>the latest profit warning. So shares falling on that slightly

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<v Speaker 1>this morning, but then you look down, you look back

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<v Speaker 1>at their past year, and they're down about fifty percent

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<v Speaker 1>over that past year. Bloomberg Intelligence and a note this

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<v Speaker 1>morning was saying, you know, now credibility of management is

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<v Speaker 1>really on the line, and some guidance is needed for

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<v Speaker 1>twenty twenty six to show what the path is going

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<v Speaker 1>to be to for things to become more positive, essentially

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<v Speaker 1>for there to be more positive cash flow for results.

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<v Speaker 1>Results are coming next Wednesday, so there could potentially be

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<v Speaker 1>some guidance there. There was kind of one very small

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<v Speaker 1>bit of maybe positive news. Aston Martin has agreed to

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<v Speaker 1>deal with the Formula one team to sell the right

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<v Speaker 1>to use that name for fifty million, so a slight

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<v Speaker 1>bit of cash there, which analysts is slightly upbeat about.

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<v Speaker 1>But overall that there were about the debt, they're worry

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<v Speaker 1>about the turnaround issues, and shares are falling on the

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<v Speaker 1>back of that.

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<v Speaker 3>Okay, but I appreciate you trying to find a silver

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<v Speaker 3>lining in that story as well, So so thanks Louise.

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<v Speaker 3>Let's turn too the Irish building from Kingspan next. Their

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<v Speaker 3>shares are almost eight percent in Dublin.

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<v Speaker 1>Yeah, hitting the highest since twenty twenty four this morning.

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<v Speaker 1>That's after record revenues. It was in line with expectations,

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<v Speaker 1>but still record revenues. And it's all on the back

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<v Speaker 1>of demand for data centers. So one of their units

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<v Speaker 1>builds infrastructure for data centers and it's essentially doing really

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<v Speaker 1>well on the back of this ramping up demand as

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<v Speaker 1>the use of AI increases globally and people want those

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<v Speaker 1>data centers and they need those facilities. So sales in

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<v Speaker 1>that unit grew by twelve percent last year. They're saying

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<v Speaker 1>there's an extraordinary pipeline in their words, for that unit

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<v Speaker 1>ahead and that helped Kingspan offset what was kind of

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<v Speaker 1>softer activity in their residential units, so, which is their

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<v Speaker 1>other main segment. So shares, as I say, rose over

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<v Speaker 1>about seven percent and hitting a high since twenty twenty four.

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<v Speaker 3>Okay, and a quiz question, whose diamonds are in the

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<v Speaker 3>RAF to Beers? Very girl, Anglo Exactly. You've been looking

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<v Speaker 3>at their results this morning?

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<v Speaker 1>I have, I have, yeah, So Anglo American had their results.

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<v Speaker 1>The negative news is that they took their third write

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<v Speaker 1>down in two years on to Beers, which is their

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<v Speaker 1>diamond unit. That's for two point three billion US dollars

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<v Speaker 1>and it's all part of their again that they're in

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<v Speaker 1>the middle of a transformation. So Anglo American have been

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<v Speaker 1>trying to sell off to beers as well as their

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<v Speaker 1>coal unit and their platinum unit and focus on what

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<v Speaker 1>are kind of the money makers, so copper and iron ore.

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<v Speaker 1>They have divested platinum, they're still stuck with diamonds and

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<v Speaker 1>with coal, which are proving harder to sell. And they're

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<v Speaker 1>continuing to weigh on earnings. And as I say there

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<v Speaker 1>that they posted that right down this morning. The CEO

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<v Speaker 1>said on a call with reporters earlier that he said,

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<v Speaker 1>I certainly hope that this is a low point. So

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<v Speaker 1>that's the negative news overall. That their earnings did do okay,

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<v Speaker 1>So online earnings rose two percent profits of six point

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<v Speaker 1>four billion dollars, so it was okay. Shares actually rose.

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<v Speaker 1>It seems to be the analysts are focusing on again

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<v Speaker 1>focusing on the bit of positive and that's that they

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<v Speaker 1>have agreed that they did agree a while ago a

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<v Speaker 1>deal to buy Tech, one of the world's biggest comp miners,

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<v Speaker 1>So focusing on that positivity going ahead and the push

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<v Speaker 1>into copper.

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<v Speaker 2>Despite that right down the stock movers report from Bloomberg Radio.

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<v Speaker 2>Check back with us throughout the day for the latest

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