1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,360 Speaker 3: Let's take a look at some stocks on the move 5 00:00:18,400 --> 00:00:20,640 Speaker 3: today in Europe. I'm Stephen Carol and I'm joined by 6 00:00:20,640 --> 00:00:24,200 Speaker 3: Bloomberg's Breaking News editor Louise Moon. Louise, let's start then, 7 00:00:24,280 --> 00:00:27,240 Speaker 3: that big move lower in oil prices today. How is 8 00:00:27,280 --> 00:00:28,800 Speaker 3: it affecting the oil majors. 9 00:00:29,480 --> 00:00:31,360 Speaker 1: Indeed, yeah, so if you look at the likes of 10 00:00:31,680 --> 00:00:36,800 Speaker 1: Shell BP in London falling today. Obviously they surged yesterday 11 00:00:37,280 --> 00:00:41,239 Speaker 1: on kind of reflecting the moves in oil prices, but 12 00:00:41,280 --> 00:00:45,040 Speaker 1: as oil declines today after you know Trump's bid to 13 00:00:45,120 --> 00:00:47,320 Speaker 1: car markets promising a quick end to the conflict, among 14 00:00:47,360 --> 00:00:51,800 Speaker 1: other comments, those prices are falling. If you look at 15 00:00:51,840 --> 00:00:54,240 Speaker 1: a Ramco over in the Middle East, it's a slightly 16 00:00:54,240 --> 00:00:58,160 Speaker 1: separate story for them. They've actually the shares a rising 17 00:00:58,280 --> 00:01:01,520 Speaker 1: for them this morning. They've approved a three billion dollar 18 00:01:01,600 --> 00:01:03,760 Speaker 1: buy back, which is quite surprised. It's their first ever 19 00:01:03,760 --> 00:01:06,959 Speaker 1: buyback since they listed in twenty nineteen, and they've also 20 00:01:07,120 --> 00:01:11,520 Speaker 1: raised their dividend. Obviously, this is partly trying to kind 21 00:01:11,560 --> 00:01:15,080 Speaker 1: of shore up sentiment. They've had a number of huge 22 00:01:15,400 --> 00:01:19,720 Speaker 1: setbacks during this war so far, so they've pared back output. 23 00:01:19,880 --> 00:01:23,320 Speaker 1: They've shut down one of Saudi Arabia's biggest oil refineries 24 00:01:23,360 --> 00:01:27,040 Speaker 1: after a drone attack, so they're partly trying to kind 25 00:01:27,080 --> 00:01:31,040 Speaker 1: of shore up sentiment. Obviously as well, that higher payout 26 00:01:31,080 --> 00:01:33,840 Speaker 1: will benefit the Saudi government and the Sovereign Wealth Fund. 27 00:01:34,160 --> 00:01:40,119 Speaker 1: They depend quite heavily on that for economic reasons, so 28 00:01:40,240 --> 00:01:42,160 Speaker 1: that was quite an interesting one for them. So shares up, 29 00:01:42,640 --> 00:01:45,000 Speaker 1: and that's despite their CEO warning that, you know, the 30 00:01:45,040 --> 00:01:48,800 Speaker 1: impact on the global oil markets will be catastrophic in 31 00:01:48,840 --> 00:01:51,120 Speaker 1: his words, the longer the war drags on. 32 00:01:51,480 --> 00:01:53,320 Speaker 3: Yeah, okay, so that's the oil company. It's what about 33 00:01:53,320 --> 00:01:55,920 Speaker 3: airlines then, you've been looking in particular at Ryan. 34 00:01:55,720 --> 00:01:58,400 Speaker 1: Air Yeah, quite an interesting one. So shares kind of 35 00:01:58,440 --> 00:02:02,880 Speaker 1: across the board actually rising today for airlines obviously despite 36 00:02:02,920 --> 00:02:06,360 Speaker 1: the higher oil prices, even though paed back as I say, 37 00:02:06,400 --> 00:02:09,680 Speaker 1: slightly today. So Ryan A shares a rising alongside IAG 38 00:02:09,960 --> 00:02:13,079 Speaker 1: in particular. That's after a note from Bernstein analysts saying 39 00:02:13,080 --> 00:02:16,760 Speaker 1: that both are actually best protected in the industry from 40 00:02:16,960 --> 00:02:19,760 Speaker 1: the Middle East conflict and the impact on fuel costs, 41 00:02:19,760 --> 00:02:23,040 Speaker 1: So they're saying that Ryana's balance sheet is the industry's strongest, 42 00:02:23,360 --> 00:02:26,320 Speaker 1: and they say that IAG spends much less of its 43 00:02:26,360 --> 00:02:29,480 Speaker 1: revenue on fuel just as a factor bit of it 44 00:02:29,520 --> 00:02:31,840 Speaker 1: being a network airline, So they're actually saying that they're 45 00:02:31,880 --> 00:02:34,720 Speaker 1: both kind of shielded the best from this and from 46 00:02:34,760 --> 00:02:36,880 Speaker 1: the volatility. On the other end of the scale, the 47 00:02:36,919 --> 00:02:39,640 Speaker 1: analysts are saying that Air France KLM and wizz Air 48 00:02:40,240 --> 00:02:44,040 Speaker 1: have the most exposure. That's partly due to their higher leverage, 49 00:02:44,280 --> 00:02:47,360 Speaker 1: but still shares for those two companies are still up, 50 00:02:47,400 --> 00:02:53,840 Speaker 1: so quite ups across the industry. The analysts I will 51 00:02:53,880 --> 00:02:56,320 Speaker 1: also mention they did caution that, you know, they cautioned 52 00:02:56,320 --> 00:02:58,959 Speaker 1: over the longer term risk of the market depending on 53 00:02:59,280 --> 00:03:02,480 Speaker 1: oil prices and how elevated they remain going forward. 54 00:03:03,400 --> 00:03:07,640 Speaker 2: The Stockmovers report from Bloomberg Radio. 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