BP Writedowns, Hays Drop, EssilorLuxottica Gain

and production will be flat. But the main thing that's been focused on are these impairment charges and this is all linked to what they call their transition business, which is essentially it's gas and green energy investments, in particular the green energy. Of course, this comes as BP is pivoting away from green energy. They've been it was a failed bet, and you know that they're now moving towards

towards back towards their core of oil and gas. So it's a major reset and a big charge that's coming as a part of that. Of course, they only appointed or named who's going to be their new incoming CEO last month, so she's got this meg O'Neil. She's got a lot to deal with, but she's known for having she's coming from Australia's Woodside Energy Group and she's known for having a clear focus on oil and gas. Of course,

that change in leadership was quite a sudden change. The x CEO had had started to embark on a major reset, but investors wanted more. So shares a down on the news this morning and lesser expecting a worse fourth quarter than they had previously estimated, and all focused around these impairment charges. And as I say, as the new CEO comes in, I think she's coming in in March or

April time. A lot to deal with with this reset going on now, Laurise, we love us first on stock movers, some bright spark has calculated that this is the first time Hayes is trading this low in your entire lifetime, exposing my age. Indeed, well, yeah, Hayes shares have dropped to their lower since nineteen ninety three, so you can take from that what you will. I mean, they are moving lower this morning, but it's extending declines that we've

been seeing anyway. They're down about thirty percent over the past year. If you look even further back, it's a real kind of steep decline and way off a peak which is years ago. Now this is after their second quarter earning, so they've seen a ten percent reduction in fees, worse than expected. Permanent hiring in particular is doing very badly and it's adding to this woeful picture for the whole of the recruitment industry. Really, we already had Page

Group results earlier this week. We've got Robert Waters reporting tomorrow. Essentially the industry is continuing it's already been happening, but continuing to struggle with you know, the likes of the rise of AI and this is also being worsened by the current tough jobs market in the UK. So not a great picture for recruitment and Hayes really accentuating that this morning with their second quarter results.

glasses by the end of the year. So this is on the back of growing demand and HBC are saying that they're benefiting from this Meta R and D, this research and development from Meta making them more competitive against rivals, raising their total addressable market. If you look at their total anless ratings, I mean they've got twenty one buys, far up pacing anything else only four holes in two cells. So shares up in Paris.