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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Now, let's take a look at some of the stocks

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Speaker 3: on the move today here in Europe. I'm Caroline Hepcat

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Speaker 3: alongside Jamana Bassecci. We're joined by Bloomberg's Equities for port

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Speaker 3: of Chloe Malay. Good morning, Chloe. So a General shares

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Speaker 3: have surged as much as eight and our half percent higher.

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Speaker 4: Why yeah, So we've got really positive results from subject

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Speaker 4: this morning.

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Speaker 5: So we've got a one billion euro buybeck.

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Speaker 4: It's also introducing a brand new interim dividend, and then

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Speaker 4: also it's also lifted as profitability outlooks and now it

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Speaker 4: expects a return on tangible equity to be around nine

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Speaker 4: percent this year, which is up from its previous guidance

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Speaker 4: of eight percent. So we've got both a shareholder a

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Speaker 4: trans boosted and then also that guidance boosted. So that

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Speaker 4: really lifted the shares this morning. It's already been having

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Speaker 4: a great year. Before the market opened, the shares were

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Speaker 4: almost up almost one hundred and twenty percent over the

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Speaker 4: last twelve months before today, so it's really going well

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Speaker 4: and it's outperforming its piers, and for investors, this is

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Speaker 4: really proved that the ongoing turnaround plan is really working.

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Speaker 4: So this year's strategy was before focused on kind of

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Speaker 4: boosting capital leaving non core businesses behind, but now he

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Speaker 4: kind of changed tactic and is now prioritizing investor payouts,

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Speaker 4: which obviously makes investors very happy, as we saw today Kloy.

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Speaker 1: One of the other stocks on my radar this morning

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Speaker 1: is Rolls Royce massive outperformance today, the stock is up

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Speaker 1: almost ten percent. But then even if you go back

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Speaker 1: and chart the one year versus where it was exactly

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Speaker 1: a year ago, we've.

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Speaker 5: Doubled in price.

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Speaker 1: What is going on there? Why is such a solid

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Speaker 1: performance over the last twelve months or last couple of years.

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Speaker 5: Yeah, so Rose rose well for today at least.

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Speaker 4: The really driven that performance has been the lifted outlook

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Speaker 4: for twenty twenty five. So that was driven by excuse me,

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Speaker 4: both growing and for jet engines, but then also the

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Speaker 4: benefits from his cost saving program.

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Speaker 5: That actually comes after a little bit of struggle for

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Speaker 5: ros Ross.

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Speaker 4: It's had dealt with kind of some reliability issues with

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Speaker 4: its engines, so for example, we had British Airways switching

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Speaker 4: over to rival Engine from General Electric, which was of

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Speaker 4: course particularly important given the partnership that existed before between

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Speaker 4: the two British companies and Rolls. WOS did say that

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Speaker 4: operating profit will be slightly lower in the second half,

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Speaker 4: in part because of those higher maintenance costs that are

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Speaker 4: associated with the engine issues, but that really didn't phase

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Speaker 4: invests as much. And you know, because Rosals maybe is

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Speaker 4: saying that it is on track to deliver those fixes

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Speaker 4: on those engines.

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Speaker 5: That was reassuring enough and that let the stock higher.

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Speaker 3: Okay, so that on Roll's voice. But there's one sot

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Speaker 3: that is not doing well that we want to talk about,

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Speaker 3: and that's ab Imbir of significant drop.

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Speaker 5: Why yeah, so ab and Bev.

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Speaker 4: It makes beers like Budweis and Corona, and it just

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Speaker 4: did not sell enough of those, so sales dropped in

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Speaker 4: the second quarter. That was particularly due to weak consumer spending,

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Speaker 4: especially in Brazil and China. So it's interesting because Brazil

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Speaker 4: really has been a week spot for brewers globally. So

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Speaker 4: Heineken also mentioned earlier in the season that consumers were

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Speaker 4: really cautious there, but AB and BEV also reported weaker

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Speaker 4: than expected volumes in Europe and in the Middle East,

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Speaker 4: so it's not like it's kind of doing much better

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Speaker 4: in other regions either. The one bright spot is that,

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Speaker 4: just like its rivals, it's been investing in non alcoholic

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Speaker 4: beer and that's doing quite well. So that non alcoholic

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Speaker 4: beer segment grew by the revenue grow by a third

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Speaker 4: during the quarter, and Corona Zero in particular almost doubled

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Speaker 4: volumes compared to this time last year, So I guess

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Speaker 4: it should continue focusing on that going forward.

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Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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