Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move
Speaker 1: today in Europe. I'm Stephen Carroll with lizlie Burden and
Speaker 1: we're joined by Bloomberg's Chloe Melee for more. Chloe, good morning.
Speaker 1: So let's start then with Ryanair, Michael O'Leary striking a
Speaker 1: note of caution, which I think is a very mild
Speaker 1: way of putting what they actually said about UK taxes.
Speaker 1: As the airline enjoyed in earnings. Beast talked to us
Speaker 1: about what we heard from Ryanair and the market reaction.
Speaker 3: Yeah. Absolutely, So let's start with that tech side of
Speaker 3: things that you mentioned. The one thing that Michael leary
Speaker 3: was particularly keen to talk about beyond the really good
Speaker 3: performance of the airline was the UK budget. So he
Speaker 3: said that Ryan there would move about ten percent of
Speaker 3: capacity out of the UK and in two countries like
Speaker 3: Sweden or Italy if the Labor government decided to increase
Speaker 3: text is this month in the budgets of the budget
Speaker 3: coming in just a few weeks Michael Aliria has been
Speaker 3: a very vocal critic of the Yuka government's actions, and
Speaker 3: he warned that more capacity, more flights, more aircraft and
Speaker 3: more jobs will be moving from the UK if Rachel
Speaker 3: Reeves decided to increase taxes on the aviation industry. So
Speaker 3: that's the note of caution that we were talking about.
Speaker 3: On the earning side of things, things to seem to
Speaker 3: be doing quite well for Ryanair. The profit came in
Speaker 3: ahead of expectations. It also raised its target for passenger
Speaker 3: growth thanks to really strong travel demand and also improving
Speaker 3: Boeing deliveries, which is quite welcome because Boeing had been
Speaker 3: struggling to deliver planes on time to Ryanair, which is
Speaker 3: its biggest European customer. Shares did for a little bit
Speaker 3: despite that positive update, though this had led to with
Speaker 3: investors being disappointed and what to do with shares taking
Speaker 3: maybe a bit of a breather after what has been
Speaker 3: a really good performance for Ryanair over the last few months.
Speaker 3: Turning out to a to A that stock up five
Speaker 3: point eight percent right now. Why so A is an
Speaker 3: Italian company. It makes renewable and electricity gas and it
Speaker 3: was upgraded to a bi rating by Morgan Stanley and
Speaker 3: so analyst said that it was going to be probably
Speaker 3: an under the radar beneficiary of the data center build
Speaker 3: out in Italy, specifically around Milan. So they said that
Speaker 3: multiple units could benefit from their data center build out,
Speaker 3: including a power generation and electricity distribution, but also water
Speaker 3: and district heating. So this upgrade really boosted the stock
Speaker 3: this morning, with chairs reaching the highest since March two
Speaker 3: thousand and eight, so quite quite an impressive move. This
Speaker 3: is quite interesting. This comes after a story that we
Speaker 3: had on Boomberg yesterday showing that clean energy stocks are
Speaker 3: seeing a dramatic rebound because of that demand for energy
Speaker 3: to power data centers, despite all of the pushback on
Speaker 3: wind and solar energy that we saw from the Trump administration.
Speaker 3: So A TWA seems to be part of that wider story.
Speaker 1: Okay, and a good day for Mercedes bands today, shares
Speaker 1: up three point three percent. What's going on?
Speaker 3: A couple of positive things for Mercedes, So it was
Speaker 3: raised to a birating dz bank because and this mentioned
Speaker 3: cost cutting measures, the resumption of shared buyer backs, and
Speaker 3: also updates to the luxury strategy being quite positive. And
Speaker 3: then it's also part of the wider sector story with
Speaker 3: automakers on the back of the announcement that China would
Speaker 3: ease its export ban on chips, so the US said
Speaker 3: on Saturday that Beijing will take steps to allow the
Speaker 3: Chinese facilities of Nisperia, which makes semiconductors for autos, to
Speaker 3: resume a shipment. So the experia had been obviously caught
Speaker 3: in this dispute between the Netherlands and China, but it
Speaker 3: seems that some of this is easy now and that
Speaker 3: should alleviate that disruption for car makers after a few
Speaker 3: of them had said that they might have to stop
Speaker 3: production because of that disruption. So that's allowing the industry
Speaker 3: to breathe that sigh of relief, and Mercedes is benefiting
Speaker 3: from that.
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