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 of the stocks on
Speaker 3: the move today here in Europe. I'm Caroline Hepcat with
Speaker 3: Joel Abissecci. We're joined by Bloomberg reporter Clomba.
Speaker 4: Lake of Morning.
Speaker 3: Good morning, air Boss, the plane maker seeing some headwinds
Speaker 3: because of engines, worried about that.
Speaker 4: What's the latest on air Boss?
Speaker 5: Yeah, Well, the Ebbers problem is actually more of a
Speaker 5: Pratt and Whitney problem, the Pratton Whitney being the supplier
Speaker 5: of engines to the A three twenty family of Airbus planes,
Speaker 5: and that company is not meeting targets, which in terms
Speaker 5: of means that Airbus.
Speaker 1: Isn't able to meet their own targets.
Speaker 5: And the CEO has been quite forceful in his criticism
Speaker 5: of Pratt and Whitney. He said that he had what
Speaker 5: he called difficult discussions with that supplier and its insufficient
Speaker 5: rate of engine production. But the fact that the blame
Speaker 5: doesn't fall on Airbus doesn't change the fact that it
Speaker 5: won't be able to meet its own production in delivery targets,
Speaker 5: and that is really dragging the shares down this morning.
Speaker 5: The problem is that the issue is likely to continue
Speaker 5: into twenty twenty seven as well, and that might lead
Speaker 5: the gap in performance between Airbus and Boeing to wide
Speaker 5: and even further.
Speaker 1: We can see that gap already.
Speaker 5: Ebbus deliveries in January we're at the lowest level in
Speaker 5: any month since twenty twenty. But then at the same
Speaker 5: time Boeing has delivered the highest number of planes is
Speaker 5: twenty eighteen, so there's a real gap in delivery. They're
Speaker 5: all divergence, and so Airbus is down on the back
Speaker 5: of that.
Speaker 4: And you're next.
Speaker 3: They're saying that they expect costs to jump this yerige
Speaker 3: of ANDVI strategic investments and the acquisition of the athen
Speaker 3: stock exchange.
Speaker 4: What's been the reaction this.
Speaker 1: Morning, well, not very positive.
Speaker 5: The shares are down on the back of that because
Speaker 5: of those costs rising, and that is the expenses will
Speaker 5: come in as one hundred million euro more than there
Speaker 5: were in twenty twenty five, and this was ahead of
Speaker 5: what analysts had expected.
Speaker 1: And as you say, the reason for those costs is because.
Speaker 5: Of some strategic investments, so things like adding power futures
Speaker 5: to the commodities segment and settling cash equities in more countries.
Speaker 5: But then also costs related to, as you said, the
Speaker 5: acquisition of the Athens Stock Exchange, which was completed just
Speaker 5: late last year. So we've got those rising costs, we've
Speaker 5: got earnings coming in a little softer than expected, and
Speaker 5: that is leading to that weakness. Urinex was also one
Speaker 5: of the names that was involved in this AI disruption
Speaker 5: sell off, given that it's provider of data and analytics,
Speaker 5: but it's not as exposed to the data side, you know.
Speaker 5: For example, Elseg derives about half of revenue from data.
Speaker 5: Urinx is just about fifteen percent. And the CEO say
Speaker 5: he was not too concerned, affected or impacted in any
Speaker 5: way by this AI threat.
Speaker 4: Okay, so that's on uranext memhile.
Speaker 3: Nesle shares rising with the Swiss food jarts beat on
Speaker 3: sales growth.
Speaker 4: What's more in those results.
Speaker 5: Yeah, Nesle is quite optimistic about twenty twenty six that
Speaker 5: sales growth will accelerate this year. It seems that twenty
Speaker 5: twenty six will also be the start of a more
Speaker 5: efficient organization, so it's in advanced talks to sell its
Speaker 5: ice cream business. That's part of a broader strategy of
Speaker 5: streamlining the portfolio a bit more. The business is also
Speaker 5: getting reorganized around four core divisions, and the company is
Speaker 5: really doubling down on coffee and pet care as the
Speaker 5: kind of key segments going forward. It's been a really
Speaker 5: busy start of the year for the new CEO. He's
Speaker 5: announced major job cards, he's organizing the business. He's also
Speaker 5: dealing with this massive infant formula recall that is really
Speaker 5: hurting cells. But more importantly, it's important to manage that
Speaker 5: well so that to avoid too much of a reputation
Speaker 5: hit as well. So it's been a really busy time
Speaker 5: and investors are scrutinizing all aspects of this ongoing turnaround
Speaker 5: for Neesle. But if we look at the shares, which
Speaker 5: have been doing quite well this morning, it looks like
Speaker 5: the market is quite happy with the way things are
Speaker 5: going so far.
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