1 00:00:02,520 --> 00:00:07,360 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 00:00:16,520 --> 00:00:17,919 Speaker 3: Let's take a look at some of the stocks on 5 00:00:17,960 --> 00:00:20,279 Speaker 3: the move today here in Europe. I'm Caroline Hepcat with 6 00:00:20,400 --> 00:00:23,360 Speaker 3: Joel Abissecci. We're joined by Bloomberg reporter Clomba. 7 00:00:23,079 --> 00:00:23,800 Speaker 4: Lake of Morning. 8 00:00:23,880 --> 00:00:27,640 Speaker 3: Good morning, air Boss, the plane maker seeing some headwinds 9 00:00:27,760 --> 00:00:31,280 Speaker 3: because of engines, worried about that. 10 00:00:31,400 --> 00:00:33,080 Speaker 4: What's the latest on air Boss? 11 00:00:33,200 --> 00:00:35,400 Speaker 5: Yeah, Well, the Ebbers problem is actually more of a 12 00:00:35,440 --> 00:00:38,879 Speaker 5: Pratt and Whitney problem, the Pratton Whitney being the supplier 13 00:00:38,960 --> 00:00:43,280 Speaker 5: of engines to the A three twenty family of Airbus planes, 14 00:00:43,320 --> 00:00:46,840 Speaker 5: and that company is not meeting targets, which in terms 15 00:00:46,840 --> 00:00:48,040 Speaker 5: of means that Airbus. 16 00:00:48,080 --> 00:00:49,879 Speaker 1: Isn't able to meet their own targets. 17 00:00:49,920 --> 00:00:52,680 Speaker 5: And the CEO has been quite forceful in his criticism 18 00:00:52,760 --> 00:00:54,800 Speaker 5: of Pratt and Whitney. He said that he had what 19 00:00:54,880 --> 00:00:58,880 Speaker 5: he called difficult discussions with that supplier and its insufficient 20 00:00:59,000 --> 00:01:02,080 Speaker 5: rate of engine production. But the fact that the blame 21 00:01:02,120 --> 00:01:04,800 Speaker 5: doesn't fall on Airbus doesn't change the fact that it 22 00:01:04,840 --> 00:01:07,600 Speaker 5: won't be able to meet its own production in delivery targets, 23 00:01:07,600 --> 00:01:10,279 Speaker 5: and that is really dragging the shares down this morning. 24 00:01:10,880 --> 00:01:13,440 Speaker 5: The problem is that the issue is likely to continue 25 00:01:13,640 --> 00:01:16,440 Speaker 5: into twenty twenty seven as well, and that might lead 26 00:01:17,160 --> 00:01:20,160 Speaker 5: the gap in performance between Airbus and Boeing to wide 27 00:01:20,200 --> 00:01:21,360 Speaker 5: and even further. 28 00:01:22,040 --> 00:01:23,240 Speaker 1: We can see that gap already. 29 00:01:23,280 --> 00:01:26,600 Speaker 5: Ebbus deliveries in January we're at the lowest level in 30 00:01:26,680 --> 00:01:29,280 Speaker 5: any month since twenty twenty. But then at the same 31 00:01:29,280 --> 00:01:32,559 Speaker 5: time Boeing has delivered the highest number of planes is 32 00:01:32,040 --> 00:01:35,880 Speaker 5: twenty eighteen, so there's a real gap in delivery. They're 33 00:01:35,880 --> 00:01:38,640 Speaker 5: all divergence, and so Airbus is down on the back 34 00:01:38,680 --> 00:01:39,119 Speaker 5: of that. 35 00:01:40,000 --> 00:01:40,919 Speaker 4: And you're next. 36 00:01:41,440 --> 00:01:45,360 Speaker 3: They're saying that they expect costs to jump this yerige 37 00:01:45,400 --> 00:01:48,160 Speaker 3: of ANDVI strategic investments and the acquisition of the athen 38 00:01:48,200 --> 00:01:49,080 Speaker 3: stock exchange. 39 00:01:49,320 --> 00:01:50,360 Speaker 4: What's been the reaction this. 40 00:01:50,360 --> 00:01:52,520 Speaker 1: Morning, well, not very positive. 41 00:01:52,760 --> 00:01:55,360 Speaker 5: The shares are down on the back of that because 42 00:01:55,680 --> 00:02:00,240 Speaker 5: of those costs rising, and that is the expenses will 43 00:02:00,280 --> 00:02:03,440 Speaker 5: come in as one hundred million euro more than there 44 00:02:03,440 --> 00:02:05,440 Speaker 5: were in twenty twenty five, and this was ahead of 45 00:02:05,480 --> 00:02:07,000 Speaker 5: what analysts had expected. 46 00:02:07,000 --> 00:02:09,480 Speaker 1: And as you say, the reason for those costs is because. 47 00:02:09,400 --> 00:02:13,040 Speaker 5: Of some strategic investments, so things like adding power futures 48 00:02:13,040 --> 00:02:16,919 Speaker 5: to the commodities segment and settling cash equities in more countries. 49 00:02:17,160 --> 00:02:19,320 Speaker 5: But then also costs related to, as you said, the 50 00:02:19,320 --> 00:02:22,840 Speaker 5: acquisition of the Athens Stock Exchange, which was completed just 51 00:02:22,960 --> 00:02:25,639 Speaker 5: late last year. So we've got those rising costs, we've 52 00:02:25,680 --> 00:02:29,120 Speaker 5: got earnings coming in a little softer than expected, and 53 00:02:29,160 --> 00:02:32,240 Speaker 5: that is leading to that weakness. Urinex was also one 54 00:02:32,240 --> 00:02:35,000 Speaker 5: of the names that was involved in this AI disruption 55 00:02:35,200 --> 00:02:38,240 Speaker 5: sell off, given that it's provider of data and analytics, 56 00:02:38,840 --> 00:02:41,160 Speaker 5: but it's not as exposed to the data side, you know. 57 00:02:41,200 --> 00:02:44,639 Speaker 5: For example, Elseg derives about half of revenue from data. 58 00:02:44,840 --> 00:02:47,760 Speaker 5: Urinx is just about fifteen percent. And the CEO say 59 00:02:47,800 --> 00:02:50,519 Speaker 5: he was not too concerned, affected or impacted in any 60 00:02:50,520 --> 00:02:51,720 Speaker 5: way by this AI threat. 61 00:02:52,560 --> 00:02:54,600 Speaker 4: Okay, so that's on uranext memhile. 62 00:02:54,639 --> 00:02:58,200 Speaker 3: Nesle shares rising with the Swiss food jarts beat on 63 00:02:58,480 --> 00:02:59,400 Speaker 3: sales growth. 64 00:02:59,520 --> 00:03:02,080 Speaker 4: What's more in those results. 65 00:03:01,680 --> 00:03:04,600 Speaker 5: Yeah, Nesle is quite optimistic about twenty twenty six that 66 00:03:04,720 --> 00:03:07,480 Speaker 5: sales growth will accelerate this year. It seems that twenty 67 00:03:07,520 --> 00:03:09,680 Speaker 5: twenty six will also be the start of a more 68 00:03:09,720 --> 00:03:13,240 Speaker 5: efficient organization, so it's in advanced talks to sell its 69 00:03:13,280 --> 00:03:16,440 Speaker 5: ice cream business. That's part of a broader strategy of 70 00:03:16,480 --> 00:03:19,720 Speaker 5: streamlining the portfolio a bit more. The business is also 71 00:03:19,800 --> 00:03:23,359 Speaker 5: getting reorganized around four core divisions, and the company is 72 00:03:23,400 --> 00:03:26,320 Speaker 5: really doubling down on coffee and pet care as the 73 00:03:26,400 --> 00:03:29,720 Speaker 5: kind of key segments going forward. It's been a really 74 00:03:29,720 --> 00:03:31,800 Speaker 5: busy start of the year for the new CEO. He's 75 00:03:31,840 --> 00:03:35,480 Speaker 5: announced major job cards, he's organizing the business. He's also 76 00:03:35,520 --> 00:03:38,560 Speaker 5: dealing with this massive infant formula recall that is really 77 00:03:38,600 --> 00:03:41,960 Speaker 5: hurting cells. But more importantly, it's important to manage that 78 00:03:42,040 --> 00:03:45,040 Speaker 5: well so that to avoid too much of a reputation 79 00:03:45,120 --> 00:03:47,320 Speaker 5: hit as well. So it's been a really busy time 80 00:03:47,400 --> 00:03:51,720 Speaker 5: and investors are scrutinizing all aspects of this ongoing turnaround 81 00:03:51,720 --> 00:03:53,760 Speaker 5: for Neesle. But if we look at the shares, which 82 00:03:53,800 --> 00:03:55,880 Speaker 5: have been doing quite well this morning, it looks like 83 00:03:56,160 --> 00:03:58,240 Speaker 5: the market is quite happy with the way things are 84 00:03:58,240 --> 00:03:58,880 Speaker 5: going so far. 85 00:04:00,160 --> 00:04:04,400 Speaker 2: The Stockmover's Report from Bloomberg Radio. Check back with us 86 00:04:04,400 --> 00:04:07,200 Speaker 2: throughout the day for the latest roundup of companies making 87 00:04:07,280 --> 00:04:10,880 Speaker 2: news on Wall Street and for the latest market moving headlines. 88 00:04:11,120 --> 00:04:15,120 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube. Bloomberg 89 00:04:15,160 --> 00:04:18,240 Speaker 2: dot com and on Applecarplay and Android Auto with the 90 00:04:18,279 --> 00:04:19,640 Speaker 2: Bloomberg Business App.