Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, 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 stocks on the
Speaker 3: move today in Europe. I'm Stephen Carroll and I'm joined
Speaker 3: by Bloomberg's Breaking News editor Louise Moon. Louise, good morning.
Speaker 3: Let's start with Aston Martin issuing another profit warning.
Speaker 1: Yes, yet another one, so it's warned on full year profits.
Speaker 1: This is all part of this kind of long, ongoing
Speaker 1: story that we've seen essentially since twenty twenty. So the
Speaker 1: Canadian billionaire Laurence Strull bought ASA Martin in twenty twenty
Speaker 1: and he's been really struggling to turn it around. It's
Speaker 1: very det laiden. It's been repeatedly trying to raise money.
Speaker 1: There's been a series of profit warnings. They've tried to
Speaker 1: add more models, they've struggled to gain traction. Then more
Speaker 1: recently they've been hit by tariffs. The US is as
Speaker 1: Martin's biggest market, and they've been trying to cut costs,
Speaker 1: so a whole host of things, and this morning is
Speaker 1: the latest profit warning. So shares falling on that slightly
Speaker 1: this morning, but then you look down, you look back
Speaker 1: at their past year, and they're down about fifty percent
Speaker 1: over that past year. Bloomberg Intelligence and a note this
Speaker 1: morning was saying, you know, now credibility of management is
Speaker 1: really on the line, and some guidance is needed for
Speaker 1: twenty twenty six to show what the path is going
Speaker 1: to be to for things to become more positive, essentially
Speaker 1: for there to be more positive cash flow for results.
Speaker 1: Results are coming next Wednesday, so there could potentially be
Speaker 1: some guidance there. There was kind of one very small
Speaker 1: bit of maybe positive news. Aston Martin has agreed to
Speaker 1: deal with the Formula one team to sell the right
Speaker 1: to use that name for fifty million, so a slight
Speaker 1: bit of cash there, which analysts is slightly upbeat about.
Speaker 1: But overall that there were about the debt, they're worry
Speaker 1: about the turnaround issues, and shares are falling on the
Speaker 1: back of that.
Speaker 3: Okay, but I appreciate you trying to find a silver
Speaker 3: lining in that story as well, So so thanks Louise.
Speaker 3: Let's turn too the Irish building from Kingspan next. Their
Speaker 3: shares are almost eight percent in Dublin.
Speaker 1: Yeah, hitting the highest since twenty twenty four this morning.
Speaker 1: That's after record revenues. It was in line with expectations,
Speaker 1: but still record revenues. And it's all on the back
Speaker 1: of demand for data centers. So one of their units
Speaker 1: builds infrastructure for data centers and it's essentially doing really
Speaker 1: well on the back of this ramping up demand as
Speaker 1: the use of AI increases globally and people want those
Speaker 1: data centers and they need those facilities. So sales in
Speaker 1: that unit grew by twelve percent last year. They're saying
Speaker 1: there's an extraordinary pipeline in their words, for that unit
Speaker 1: ahead and that helped Kingspan offset what was kind of
Speaker 1: softer activity in their residential units, so, which is their
Speaker 1: other main segment. So shares, as I say, rose over
Speaker 1: about seven percent and hitting a high since twenty twenty four.
Speaker 3: Okay, and a quiz question, whose diamonds are in the
Speaker 3: RAF to Beers? Very girl, Anglo Exactly. You've been looking
Speaker 3: at their results this morning?
Speaker 1: I have, I have, yeah, So Anglo American had their results.
Speaker 1: The negative news is that they took their third write
Speaker 1: down in two years on to Beers, which is their
Speaker 1: diamond unit. That's for two point three billion US dollars
Speaker 1: and it's all part of their again that they're in
Speaker 1: the middle of a transformation. So Anglo American have been
Speaker 1: trying to sell off to beers as well as their
Speaker 1: coal unit and their platinum unit and focus on what
Speaker 1: are kind of the money makers, so copper and iron ore.
Speaker 1: They have divested platinum, they're still stuck with diamonds and
Speaker 1: with coal, which are proving harder to sell. And they're
Speaker 1: continuing to weigh on earnings. And as I say there
Speaker 1: that they posted that right down this morning. The CEO
Speaker 1: said on a call with reporters earlier that he said,
Speaker 1: I certainly hope that this is a low point. So
Speaker 1: that's the negative news overall. That their earnings did do okay,
Speaker 1: So online earnings rose two percent profits of six point
Speaker 1: four billion dollars, so it was okay. Shares actually rose.
Speaker 1: It seems to be the analysts are focusing on again
Speaker 1: focusing on the bit of positive and that's that they
Speaker 1: have agreed that they did agree a while ago a
Speaker 1: deal to buy Tech, one of the world's biggest comp miners,
Speaker 1: So focusing on that positivity going ahead and the push
Speaker 1: into copper.
Speaker 2: Despite that right down the stock movers report from Bloomberg Radio.
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