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 00:00:16,440 --> 00:00:17,959 Speaker 1: Well, let's take a look at some stocks on the 5 00:00:18,000 --> 00:00:20,640 Speaker 1: move today in Europe. I'm Stephen Carroll with Lizzie Burton, 6 00:00:20,640 --> 00:00:23,400 Speaker 1: and we're joined by Bloomberg's Tiva at a Bio Tiva. 7 00:00:23,440 --> 00:00:25,800 Speaker 1: Let's start then with Ryan Mattal. How has the defense 8 00:00:25,840 --> 00:00:28,600 Speaker 1: firm been affected by the conflict in the Middle East. 9 00:00:29,200 --> 00:00:31,440 Speaker 3: Yeah, Steven, when we're really capping off the week of 10 00:00:31,600 --> 00:00:35,880 Speaker 3: positive gains across the defense sector, Others also like HENSLT 11 00:00:35,920 --> 00:00:38,960 Speaker 3: moving higher as well, and that's on the expectation of 12 00:00:39,040 --> 00:00:43,280 Speaker 3: further military spending. Really, every day that this conflict continues, 13 00:00:43,400 --> 00:00:46,840 Speaker 3: we see that expectation grow and that translates into more 14 00:00:46,960 --> 00:00:49,440 Speaker 3: orders for these defense names, their names like Ryan Mattel 15 00:00:49,520 --> 00:00:52,320 Speaker 3: moving higher today. And this war also is showing no 16 00:00:52,400 --> 00:00:55,080 Speaker 3: signs of letting up, and so until we have perhaps 17 00:00:55,120 --> 00:00:58,800 Speaker 3: more clarity on when the war might end, we're likely 18 00:00:58,880 --> 00:01:03,520 Speaker 3: to see this continue. But with respect to Rhein Mattal specifically, 19 00:01:03,800 --> 00:01:06,720 Speaker 3: the drone attacks in Iran are sort of underscoring the 20 00:01:06,800 --> 00:01:11,120 Speaker 3: need for lower cost interceptions. That's according to the latest 21 00:01:11,160 --> 00:01:15,080 Speaker 3: analysis from Bloomberg Intelligence. So they're seen as a potential 22 00:01:15,240 --> 00:01:17,760 Speaker 3: beneficiary of this. That's why we're seeing them move a 23 00:01:17,760 --> 00:01:18,640 Speaker 3: bit higher this morning. 24 00:01:18,680 --> 00:01:20,800 Speaker 4: It's interesting. I was speaking to an analyst earlier about 25 00:01:20,840 --> 00:01:24,160 Speaker 4: why European defense hot stocks haven't moved even higher, and 26 00:01:24,400 --> 00:01:26,920 Speaker 4: they were saying that the war is good for Russia 27 00:01:26,920 --> 00:01:29,920 Speaker 4: because of higher oil, and US defense stocks seem to 28 00:01:29,959 --> 00:01:33,280 Speaker 4: be benefiting even more so, kind of at the expense 29 00:01:33,520 --> 00:01:35,920 Speaker 4: of European defense names. But we also have to talk 30 00:01:35,959 --> 00:01:38,240 Speaker 4: to you or about airline. We've had left hands the 31 00:01:38,319 --> 00:01:41,679 Speaker 4: reporting earnings this morning, just talk to us about their situation. 32 00:01:42,440 --> 00:01:45,000 Speaker 3: Well, it has been a kind of a difficult situation 33 00:01:45,240 --> 00:01:47,680 Speaker 3: for airlines over the last few days. There have been 34 00:01:47,920 --> 00:01:52,120 Speaker 3: numerous concerns about flights being canceled. We've seen the number 35 00:01:52,120 --> 00:01:55,000 Speaker 3: of cancel flights to the Middle East hitting a twenty 36 00:01:55,120 --> 00:01:58,800 Speaker 3: seven thousand to day since the fighting began. That's been 37 00:01:58,800 --> 00:02:02,360 Speaker 3: tricky for firms like is really struggling. But actually luft 38 00:02:02,360 --> 00:02:05,280 Speaker 3: Hansa is kind of bucking that trend today for two reasons. 39 00:02:05,400 --> 00:02:08,080 Speaker 3: So firstly, they did report results today and there were 40 00:02:08,120 --> 00:02:12,480 Speaker 3: strong numbers. They're predicting a significant improvement in earnings actually 41 00:02:12,760 --> 00:02:16,040 Speaker 3: this year, but also left Hansa is kind of looking 42 00:02:16,040 --> 00:02:20,040 Speaker 3: for the opportunity amidst this wider disruption. They've announced this 43 00:02:20,080 --> 00:02:23,760 Speaker 3: morning that they are actually considering adding more flights onto 44 00:02:23,880 --> 00:02:26,760 Speaker 3: routes to Africa and Asia, and that's as demand is 45 00:02:26,840 --> 00:02:30,200 Speaker 3: really rising. They're trying to scoop up those passenger flows 46 00:02:30,200 --> 00:02:33,400 Speaker 3: that would otherwise have been served by Middle East carriers. 47 00:02:33,400 --> 00:02:37,079 Speaker 3: So investors aren't reacting positively to those bits of views 48 00:02:37,120 --> 00:02:38,280 Speaker 3: from Lufthansa this morning. 49 00:02:38,800 --> 00:02:41,160 Speaker 1: And away from events in the Middle East, you've been 50 00:02:41,160 --> 00:02:44,120 Speaker 1: looking at some good news for the broadcaster ITV. 51 00:02:44,720 --> 00:02:46,880 Speaker 3: Yeah, a bit of a surprise from ITV this morning, 52 00:02:46,919 --> 00:02:49,239 Speaker 3: one of the biggest winners on the stock six hundred. 53 00:02:50,320 --> 00:02:53,040 Speaker 3: It's been up nearly eight percent. Has paired slightly now, 54 00:02:53,080 --> 00:02:56,400 Speaker 3: but that's their biggest move since November. And this is 55 00:02:56,480 --> 00:02:59,400 Speaker 3: really off the back of an analyst upgrade, which is 56 00:03:00,400 --> 00:03:04,440 Speaker 3: a sort of dissipating anxiety about weakness in advertising demand. 57 00:03:04,440 --> 00:03:07,120 Speaker 3: And say, we saw worries around this towards the end 58 00:03:07,120 --> 00:03:10,760 Speaker 3: of last year, and that was tied to uncertainty around 59 00:03:10,800 --> 00:03:14,320 Speaker 3: the UK budget. Those concerns did begin to clear a 60 00:03:14,320 --> 00:03:16,560 Speaker 3: bit in December, and that's a trend that this analyst 61 00:03:16,639 --> 00:03:19,639 Speaker 3: is expecting to continue throughout the beginning of this year, 62 00:03:19,680 --> 00:03:22,600 Speaker 3: and that's paving the way for more growth in the summer. 63 00:03:22,639 --> 00:03:25,360 Speaker 3: Of course, ties to the start of the World Cup, 64 00:03:25,400 --> 00:03:28,520 Speaker 3: which is due to be broadcasts in June this year, 65 00:03:28,600 --> 00:03:31,760 Speaker 3: so investors optimistic about ITV's prospects. 66 00:03:31,800 --> 00:03:36,920 Speaker 2: This morning the Stock Movers Report from Bloomberg Radio. Check 67 00:03:36,960 --> 00:03:39,280 Speaker 2: back with us throughout the day for the latest roundup 68 00:03:39,320 --> 00:03:42,280 Speaker 2: of companies making news on Wall Street and for the 69 00:03:42,360 --> 00:03:46,760 Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch 70 00:03:46,840 --> 00:03:50,320 Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and 71 00:03:50,320 --> 00:03:52,760 Speaker 2: Android Auto with the Bloomberg Business app.