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Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Now, let's take a look at some stocks on the move today in Europe. I'm Stephen Carroll and I'm joined by Bloomberg's Breaking News editor Louise Moon. Louise, good morning. Let's start with Aston Martin issuing another profit warning.
Yes, yet another one, so it's warned on full year profits. This is all part of this kind of long, ongoing story that we've seen essentially since twenty twenty. So the Canadian billionaire Laurence Strull bought ASA Martin in twenty twenty and he's been really struggling to turn it around. It's very det laiden. It's been repeatedly trying to raise money. There's been a series of profit warnings. They've tried to add more models, they've struggled to gain traction. Then more
recently they've been hit by tariffs. The US is as Martin's biggest market, and they've been trying to cut costs, so a whole host of things, and this morning is the latest profit warning. So shares falling on that slightly this morning, but then you look down, you look back at their past year, and they're down about fifty percent
over that past year. Bloomberg Intelligence and a note this morning was saying, you know, now credibility of management is really on the line, and some guidance is needed for twenty twenty six to show what the path is going to be to for things to become more positive, essentially for there to be more positive cash flow for results. Results are coming next Wednesday, so there could potentially be some guidance there. There was kind of one very small
bit of maybe positive news. Aston Martin has agreed to deal with the Formula one team to sell the right to use that name for fifty million, so a slight bit of cash there, which analysts is slightly upbeat about. But overall that there were about the debt, they're worry about the turnaround issues, and shares are falling on the back of that.
Okay, but I appreciate you trying to find a silver lining in that story as well, So so thanks Louise. Let's turn too the Irish building from Kingspan next. Their shares are almost eight percent in Dublin.
Yeah, hitting the highest since twenty twenty four this morning. That's after record revenues. It was in line with expectations, but still record revenues. And it's all on the back of demand for data centers. So one of their units builds infrastructure for data centers and it's essentially doing really well on the back of this ramping up demand as the use of AI increases globally and people want those data centers and they need those facilities. So sales in
that unit grew by twelve percent last year. They're saying there's an extraordinary pipeline in their words, for that unit ahead and that helped Kingspan offset what was kind of softer activity in their residential units, so, which is their other main segment. So shares, as I say, rose over about seven percent and hitting a high since twenty twenty four.
Okay, and a quiz question, whose diamonds are in the RAF to Beers? Very girl, Anglo Exactly. You've been looking at their results this morning?
I have, I have, yeah, So Anglo American had their results. The negative news is that they took their third write down in two years on to Beers, which is their diamond unit. That's for two point three billion US dollars and it's all part of their again that they're in the middle of a transformation. So Anglo American have been trying to sell off to beers as well as their coal unit and their platinum unit and focus on what are kind of the money makers, so copper and iron ore.
They have divested platinum, they're still stuck with diamonds and with coal, which are proving harder to sell. And they're continuing to weigh on earnings. And as I say there that they posted that right down this morning. The CEO said on a call with reporters earlier that he said, I certainly hope that this is a low point. So that's the negative news overall. That their earnings did do okay, So online earnings rose two percent profits of six point
four billion dollars, so it was okay. Shares actually rose. It seems to be the analysts are focusing on again focusing on the bit of positive and that's that they have agreed that they did agree a while ago a deal to buy Tech, one of the world's biggest comp miners, So focusing on that positivity going ahead and the push into copper.
Despite that right down the stock movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street, and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.