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Let's take a look at some of the stocks on the move today here in Europe. I'm Caroline Heppier, would Jamna Bisetchi and we joined bub Blomberg Report, Cloague and Malay. Good morning. So the mining giant glen Core posting a drop in profits even record copper prices didn't do it? How I investors thinking about this news.
Well, actually shares were up this morning despite the fact that, as you said, profit did for because those record copper prices were not quite enough to offset some of the weakness in the core business in particular, which has been a struggling for some time. But the reason why the shares are up might have a lot to do with the fact that glen Core is planning to return two billion dollars to shareholders, and so this is probably something
that is offsetting some of those disappointing results. And the results do come just a couple of weeks after the deal talks between glen Core reat into collapse. So now glen Core really has to show investors that it can make that progress on its own. And the big thing that glen Core has got going for it is its copper business, and that is the metal that everyone wants
access to right now. Of course, it is here multiple records over the last month, and that was one of the main motivations for Riotinto to merge with with glen Core. But the copper business that glen Core does need to be improved because production keeps falling and it's consistently missed
production targets. But there is some progress towards that at the moment that glen Core said this morning that it had reached an agreement with the Democratic Republic of Congo's state mining company to over a land package that will allow it to boost copper production in that country. So the copper output reset is in progress and that is quite reassuring and that really needs to be the focus going forward for Glencore.
Yeah, what about Bee Systems, which looks the benefit from the optic in defence spending.
Yeah, absolutely, So BAA is expecting that momentum in sales and earnings to stabilize this year after what has been a record twenty twenty five for the company. So the promise of that steady growth rather than any acceleration was enough to get investors excited because we're talking about maintaining
growth at quite a high level. And BAE is, of course, as you say, been one of the main beneficiaries of this big ramp up in defense spending across Europe and last year it did raise its outlooks, so that means that that could happen this year as well, especially given that there's no sign that defence budgets will be shrinking this year. And it seems the analysts are really seeing
this as a long term story for BAE. We've got Morgan Stanley, for example, saying they're increasingly confident that the company can sustain high single digit revenue growth for the foreseeable or so. All in all, we've got great results, very promising guidance for BAE, and that is definitely reflected in the yesterday. We were firmly in the green this morning.
Meanwhile, the retailer care for as much as five percent after delivering full year results which are seen as slightly weaker than expected.
Yeah, we've got profit missing expectations, cash flow being disappointing. The fourth quarter sales were positive but also a little bit below what analysts I'd expected, so that weakness definitely
across the board for car four in. The company is also holding a capital markets day to day and it has set some twenty thirty targets and in particular strategy that's really focused on the France, Spain and Brazil markets, is planning to gain more and more market share in those countries, and that is after Cafe Is exted markets like Italy and Romania as well because those were not
performing as well. But City analysts have said that those long term growth targets are quite ambitious, which might mean they're quite there will be quite difficult to achieve, and JP Morgan, analyst, said that right now the weak results for twenty twenty five will be overshadowing the midterm outlook to twenty thirty, So Carfell does have a big task ahead of it to revive that growth in those court markets and get the cash flow back on track.
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