Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move
Speaker 3: today in Europe. I'm Stephen Carol and I'm joined by
Speaker 3: Bloomberg's Breaking News editor Louise Moon. Louise, let's start then,
Speaker 3: that big move lower in oil prices today. How is
Speaker 3: it affecting the oil majors.
Speaker 1: Indeed, yeah, so if you look at the likes of
Speaker 1: Shell BP in London falling today. Obviously they surged yesterday
Speaker 1: on kind of reflecting the moves in oil prices, but
Speaker 1: as oil declines today after you know Trump's bid to
Speaker 1: car markets promising a quick end to the conflict, among
Speaker 1: other comments, those prices are falling. If you look at
Speaker 1: a Ramco over in the Middle East, it's a slightly
Speaker 1: separate story for them. They've actually the shares a rising
Speaker 1: for them this morning. They've approved a three billion dollar
Speaker 1: buy back, which is quite surprised. It's their first ever
Speaker 1: buyback since they listed in twenty nineteen, and they've also
Speaker 1: raised their dividend. Obviously, this is partly trying to kind
Speaker 1: of shore up sentiment. They've had a number of huge
Speaker 1: setbacks during this war so far, so they've pared back output.
Speaker 1: They've shut down one of Saudi Arabia's biggest oil refineries
Speaker 1: after a drone attack, so they're partly trying to kind
Speaker 1: of shore up sentiment. Obviously as well, that higher payout
Speaker 1: will benefit the Saudi government and the Sovereign Wealth Fund.
Speaker 1: They depend quite heavily on that for economic reasons, so
Speaker 1: that was quite an interesting one for them. So shares up,
Speaker 1: and that's despite their CEO warning that, you know, the
Speaker 1: impact on the global oil markets will be catastrophic in
Speaker 1: his words, the longer the war drags on.
Speaker 3: Yeah, okay, so that's the oil company. It's what about
Speaker 3: airlines then, you've been looking in particular at Ryan.
Speaker 1: Air Yeah, quite an interesting one. So shares kind of
Speaker 1: across the board actually rising today for airlines obviously despite
Speaker 1: the higher oil prices, even though paed back as I say,
Speaker 1: slightly today. So Ryan A shares a rising alongside IAG
Speaker 1: in particular. That's after a note from Bernstein analysts saying
Speaker 1: that both are actually best protected in the industry from
Speaker 1: the Middle East conflict and the impact on fuel costs,
Speaker 1: So they're saying that Ryana's balance sheet is the industry's strongest,
Speaker 1: and they say that IAG spends much less of its
Speaker 1: revenue on fuel just as a factor bit of it
Speaker 1: being a network airline, So they're actually saying that they're
Speaker 1: both kind of shielded the best from this and from
Speaker 1: the volatility. On the other end of the scale, the
Speaker 1: analysts are saying that Air France KLM and wizz Air
Speaker 1: have the most exposure. That's partly due to their higher leverage,
Speaker 1: but still shares for those two companies are still up,
Speaker 1: so quite ups across the industry. The analysts I will
Speaker 1: also mention they did caution that, you know, they cautioned
Speaker 1: over the longer term risk of the market depending on
Speaker 1: oil prices and how elevated they remain going forward.
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