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Let's take a look at some stocks on the move today in Europe. I'm Stephen Carroll with lizlie Burden and we're joined by Bloomberg's Chloe Melee for more. Chloe, good morning. So let's start then with Ryanair, Michael O'Leary striking a note of caution, which I think is a very mild way of putting what they actually said about UK taxes. As the airline enjoyed in earnings. Beast talked to us about what we heard from Ryanair and the market reaction.
Yeah. Absolutely, So let's start with that tech side of things that you mentioned. The one thing that Michael leary was particularly keen to talk about beyond the really good
performance of the airline was the UK budget. So he said that Ryan there would move about ten percent of capacity out of the UK and in two countries like Sweden or Italy if the Labor government decided to increase text is this month in the budgets of the budget coming in just a few weeks Michael Aliria has been a very vocal critic of the Yuka government's actions, and he warned that more capacity, more flights, more aircraft and more jobs will be moving from the UK if Rachel
Reeves decided to increase taxes on the aviation industry. So that's the note of caution that we were talking about. On the earning side of things, things to seem to be doing quite well for Ryanair. The profit came in ahead of expectations. It also raised its target for passenger growth thanks to really strong travel demand and also improving Boeing deliveries, which is quite welcome because Boeing had been struggling to deliver planes on time to Ryanair, which is
its biggest European customer. Shares did for a little bit despite that positive update, though this had led to with investors being disappointed and what to do with shares taking maybe a bit of a breather after what has been a really good performance for Ryanair over the last few months. Turning out to a to A that stock up five point eight percent right now. Why so A is an
Italian company. It makes renewable and electricity gas and it was upgraded to a bi rating by Morgan Stanley and so analyst said that it was going to be probably an under the radar beneficiary of the data center build out in Italy, specifically around Milan. So they said that multiple units could benefit from their data center build out, including a power generation and electricity distribution, but also water
and district heating. So this upgrade really boosted the stock this morning, with chairs reaching the highest since March two thousand and eight, so quite quite an impressive move. This is quite interesting. This comes after a story that we had on Boomberg yesterday showing that clean energy stocks are seeing a dramatic rebound because of that demand for energy to power data centers, despite all of the pushback on wind and solar energy that we saw from the Trump administration.
So A TWA seems to be part of that wider story.
Okay, and a good day for Mercedes bands today, shares up three point three percent. What's going on?
A couple of positive things for Mercedes, So it was raised to a birating dz bank because and this mentioned cost cutting measures, the resumption of shared buyer backs, and
also updates to the luxury strategy being quite positive. And then it's also part of the wider sector story with automakers on the back of the announcement that China would ease its export ban on chips, so the US said on Saturday that Beijing will take steps to allow the Chinese facilities of Nisperia, which makes semiconductors for autos, to
resume a shipment. So the experia had been obviously caught in this dispute between the Netherlands and China, but it seems that some of this is easy now and that should alleviate that disruption for car makers after a few of them had said that they might have to stop production because of that disruption. So that's allowing the industry to breathe that sigh of relief, and Mercedes is benefiting from that.
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