Bloomberg Audio Studios, podcasts, radio News.
The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Let's take a look at some of the stocks on the move today here in Europe. I'm Caroline Hepgar with Lizzie Burdener. We're joined by Bloomberg. We've brought a tia adebayo tiva. Good morning, So we're looking at European stocks really lifted up well over two percent this morning on the back of some hopes of an end to the war in Iran. We have seen gains for Rolls Royce this morning. What is behind that move?
Yeah, Rolls Royces climbing this morning. They're up the most in just over eight years, and the stock is the best performer amongst its peers today. And really, as you mentioned, that's coming amidst gains for equities more broadly, both the footsy and the stock six hundred gaining today. But where Rolls Royce is concerned, we have seen Wells Fargo initiate
coverage to day with an over weight waiting. But it is also important to remember that Rolls Royce of course does have interest in the world of defense and also energy markets. It's famous for manufacturing engines and gas turbines for military aircraft, also for producing equipment for oil and gas pumping, so that does make the stock a little bit more sensitive, especially given how closely investors are watching
defense and also energy firms amidst this ongoing conflict. We can see that by the increased trading volume for Rolls Royce today, but we are seeing other defense names as well, like Babcock gaining today. So it just goes to show that the Middle East conflict continues to be this enduring theme for markets, and that's even despite the recent remarks from President Trump suggesting that the war could be ending in a matter of weeks. Tell us about airlines as well as a sector.
Tea this morning, we've got lift Hans so for example, moving higher.
Yeah, so airlines up as a sector today, positive morning for Left Hands, its shares gaining as much as eight percent. But in terms of the sector, we are seeing it up more broadly. That's even as concerns are growing about rising jet fuel costs, and this is also tied to the Middle East crisis and its impact on energy markets. That effective closure of the straight of WO moves has stranded really a significant proportion of global jet fuel shipments
and it's led some refineries actually to cut production. So there are reports this morning that luft Hansa specifically is considering its sort of contingency plans should demand fall because of this war, So they're looking at plans to ground their planes. We should mention that their spokesperson has said they're developing responses that differ in severity, so grounding their fleet perhaps not the only option, but it does tell
you just how seriously they're taking this situation. Those plans are not just being driven by the rising price of jet fuel, but there's also worries about how difficult it might be to obtain it in the coming months. So this latest update perhaps a little departure from luft Hansa's previous response to this. Earlier they were seeing this as a sort of short term shift, but perhaps this might be evidence that they are preparing for more long term impact.
So definitely a sector to watch going forward.
Yeah, there's also been a big move for housebuilder Berkley. I mean they were badly affected the housebuilders in the UK last month.
Why, Yeah, a duratic tumble for Barkley this morning. That's certainly how our reporters are describing it. On the terminal shares of down the most in almost ten years, as much as eighteen percent to day. But really, Caroline, the trigger here is their announcement of smaller than anticipated earnings in the medium term, so they are attributing this to reduce chances of interest rate cuts. Given the Iran War its rekindled fears of inflation and increasing mortgage costs in
the UK. But just to give you a scale of things, their revised strategy update which came out today, it says they're expecting to deliver more than one point four billion in pre tax profit over the four years from twenty twenty seven, but according to analysts, that's actually thirty three percent lower than their previous estimates, and Barkley did publish an outlook as recently as last month, so it's a
rapid decline in expectations here. Of course, the Middle East conflict is one contributing factor, but it has been a tougher time for UK housebuilders as a sector. It's they're face to increase taxation and regulation, but investors certainly not reacting well to this latest.
Nutlow the stock mover's 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.