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 1: Well, let's take a look at some stocks on the
Speaker 1: move today in Europe. I'm Stephen Carroll with Lizzie Burton,
Speaker 1: and we're joined by Bloomberg's Tiva at a Bio Tiva.
Speaker 1: Let's start then with Ryan Mattal. How has the defense
Speaker 1: firm been affected by the conflict in the Middle East.
Speaker 3: Yeah, Steven, when we're really capping off the week of
Speaker 3: positive gains across the defense sector, Others also like HENSLT
Speaker 3: moving higher as well, and that's on the expectation of
Speaker 3: further military spending. Really, every day that this conflict continues,
Speaker 3: we see that expectation grow and that translates into more
Speaker 3: orders for these defense names, their names like Ryan Mattel
Speaker 3: moving higher today. And this war also is showing no
Speaker 3: signs of letting up, and so until we have perhaps
Speaker 3: more clarity on when the war might end, we're likely
Speaker 3: to see this continue. But with respect to Rhein Mattal specifically,
Speaker 3: the drone attacks in Iran are sort of underscoring the
Speaker 3: need for lower cost interceptions. That's according to the latest
Speaker 3: analysis from Bloomberg Intelligence. So they're seen as a potential
Speaker 3: beneficiary of this. That's why we're seeing them move a
Speaker 3: bit higher this morning.
Speaker 4: It's interesting. I was speaking to an analyst earlier about
Speaker 4: why European defense hot stocks haven't moved even higher, and
Speaker 4: they were saying that the war is good for Russia
Speaker 4: because of higher oil, and US defense stocks seem to
Speaker 4: be benefiting even more so, kind of at the expense
Speaker 4: of European defense names. But we also have to talk
Speaker 4: to you or about airline. We've had left hands the
Speaker 4: reporting earnings this morning, just talk to us about their situation.
Speaker 3: Well, it has been a kind of a difficult situation
Speaker 3: for airlines over the last few days. There have been
Speaker 3: numerous concerns about flights being canceled. We've seen the number
Speaker 3: of cancel flights to the Middle East hitting a twenty
Speaker 3: seven thousand to day since the fighting began. That's been
Speaker 3: tricky for firms like is really struggling. But actually luft
Speaker 3: Hansa is kind of bucking that trend today for two reasons.
Speaker 3: So firstly, they did report results today and there were
Speaker 3: strong numbers. They're predicting a significant improvement in earnings actually
Speaker 3: this year, but also left Hansa is kind of looking
Speaker 3: for the opportunity amidst this wider disruption. They've announced this
Speaker 3: morning that they are actually considering adding more flights onto
Speaker 3: routes to Africa and Asia, and that's as demand is
Speaker 3: really rising. They're trying to scoop up those passenger flows
Speaker 3: that would otherwise have been served by Middle East carriers.
Speaker 3: So investors aren't reacting positively to those bits of views
Speaker 3: from Lufthansa this morning.
Speaker 1: And away from events in the Middle East, you've been
Speaker 1: looking at some good news for the broadcaster ITV.
Speaker 3: Yeah, a bit of a surprise from ITV this morning,
Speaker 3: one of the biggest winners on the stock six hundred.
Speaker 3: It's been up nearly eight percent. Has paired slightly now,
Speaker 3: but that's their biggest move since November. And this is
Speaker 3: really off the back of an analyst upgrade, which is
Speaker 3: a sort of dissipating anxiety about weakness in advertising demand.
Speaker 3: And say, we saw worries around this towards the end
Speaker 3: of last year, and that was tied to uncertainty around
Speaker 3: the UK budget. Those concerns did begin to clear a
Speaker 3: bit in December, and that's a trend that this analyst
Speaker 3: is expecting to continue throughout the beginning of this year,
Speaker 3: and that's paving the way for more growth in the summer.
Speaker 3: Of course, ties to the start of the World Cup,
Speaker 3: which is due to be broadcasts in June this year,
Speaker 3: so investors optimistic about ITV's prospects.
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