WEBVTT - Aramco Warning, Ryanair Boost, Persimmon Surge

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

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

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

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<v Speaker 3>Let's take a look at some stocks on the move

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<v Speaker 3>today in Europe. I'm Stephen Carol and I'm joined by

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<v Speaker 3>Bloomberg's Breaking News editor Louise Moon. Louise, let's start then,

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<v Speaker 3>that big move lower in oil prices today. How is

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<v Speaker 3>it affecting the oil majors.

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<v Speaker 1>Indeed, yeah, so if you look at the likes of

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<v Speaker 1>Shell BP in London falling today. Obviously they surged yesterday

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<v Speaker 1>on kind of reflecting the moves in oil prices, but

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<v Speaker 1>as oil declines today after you know Trump's bid to

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<v Speaker 1>car markets promising a quick end to the conflict, among

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<v Speaker 1>other comments, those prices are falling. If you look at

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<v Speaker 1>a Ramco over in the Middle East, it's a slightly

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<v Speaker 1>separate story for them. They've actually the shares a rising

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<v Speaker 1>for them this morning. They've approved a three billion dollar

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<v Speaker 1>buy back, which is quite surprised. It's their first ever

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<v Speaker 1>buyback since they listed in twenty nineteen, and they've also

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<v Speaker 1>raised their dividend. Obviously, this is partly trying to kind

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<v Speaker 1>of shore up sentiment. They've had a number of huge

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<v Speaker 1>setbacks during this war so far, so they've pared back output.

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<v Speaker 1>They've shut down one of Saudi Arabia's biggest oil refineries

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<v Speaker 1>after a drone attack, so they're partly trying to kind

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<v Speaker 1>of shore up sentiment. Obviously as well, that higher payout

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<v Speaker 1>will benefit the Saudi government and the Sovereign Wealth Fund.

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<v Speaker 1>They depend quite heavily on that for economic reasons, so

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<v Speaker 1>that was quite an interesting one for them. So shares up,

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<v Speaker 1>and that's despite their CEO warning that, you know, the

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<v Speaker 1>impact on the global oil markets will be catastrophic in

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<v Speaker 1>his words, the longer the war drags on.

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<v Speaker 3>Yeah, okay, so that's the oil company. It's what about

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<v Speaker 3>airlines then, you've been looking in particular at Ryan.

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<v Speaker 1>Air Yeah, quite an interesting one. So shares kind of

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<v Speaker 1>across the board actually rising today for airlines obviously despite

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<v Speaker 1>the higher oil prices, even though paed back as I say,

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<v Speaker 1>slightly today. So Ryan A shares a rising alongside IAG

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<v Speaker 1>in particular. That's after a note from Bernstein analysts saying

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<v Speaker 1>that both are actually best protected in the industry from

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<v Speaker 1>the Middle East conflict and the impact on fuel costs,

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<v Speaker 1>So they're saying that Ryana's balance sheet is the industry's strongest,

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<v Speaker 1>and they say that IAG spends much less of its

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<v Speaker 1>revenue on fuel just as a factor bit of it

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<v Speaker 1>being a network airline, So they're actually saying that they're

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<v Speaker 1>both kind of shielded the best from this and from

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<v Speaker 1>the volatility. On the other end of the scale, the

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<v Speaker 1>analysts are saying that Air France KLM and wizz Air

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<v Speaker 1>have the most exposure. That's partly due to their higher leverage,

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<v Speaker 1>but still shares for those two companies are still up,

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<v Speaker 1>so quite ups across the industry. The analysts I will

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<v Speaker 1>also mention they did caution that, you know, they cautioned

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<v Speaker 1>over the longer term risk of the market depending on

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<v Speaker 1>oil prices and how elevated they remain going forward.

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