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Let's take a look at some of the individual stocks on the move today in Europe Pie Lizzie Bird and with Caroline Hapka, and we're joined by Opnenberg reporter Chloe Melley. So, Chloie, I want to start with Ryanair. We heard from them off the back of their results this morning. Am I going to get to go on holiday this summer hopefully?
But for Ryanair it's going to be a little bit of pressure on costs. So it was the latest airline to give some details about the impact of those higher fuel prices. So it's said that it's fuel bill had already risen by a few hundred million euros, which is a not very specific figure, but it seems actually a little bit better than some of the other figures that
have been shared by other airlines. So we had iERG, for example, mentioning a two billion euro bill and so Ryan is considered to be a bit more resilient to those higher fuel costs and some of its peers because of fuel hedging and so it has hedged about eighty percent of its fuel at sixty seven dollars a barrel
for this year, so that will protect earnings. But if we see the conflict persist in the Strait of Hormos still not reopening soon, then those costs will start to pile up and they will start to increase quite dramatically for Ryanair as well. And it's said that it was far too early right now to provide any sort of meaningful profit guidance given the volatility and fuel prices and the lack of clarity around when that conflict will actually but this is something that's going to be that's going
to start weighing on the performance a little bit. And then we also have, in addition to this fuel cost problem, also higher costs coming from a few different things, including engine maintenance, some significant pay increases for crew, and then
also the euse environmental taxes. So there's a bunch of different costs are starting to come through, and so it seems that overall Ryanair is taking quite a cautious approach going into this new fiscal year, and that's really dragged down the shares this morning.
Okay, so that on Ryan Air Meanwhile, over in the advertising space, Publicist there's a deal on the table, and of course the backdrop is always artificial intelligence for the ad companies, isn't it.
Yeah, absolutely, so quite a good day for Publicist shares up this morning after as you say, agreeing to buy a data collaboration platform called live Ramp for an enterprise value of two point two billion dollars. So this is really part of a strategy for Publicists of accelerating this investment in AI tools. So the deal has also prompted the company to raise its growth targets for twenty twenty seven and twenty twenty eight, and so we're seeing the
market react quite positively to this. There's always been, what I mean, for the last few years at least some concern around the advertising industry about how much this economic uncertainty is impacting marketing budgets. But Publicists, through all of these concerns, has been a quite clear outperformer and for a while now compared especially to WPP in the UK, So it seems actually quite resilient to the current micro
uncertainty that we're seeing. And a big part of that, as you mentioned, is AI and it's a company that's made a lot of investments into AI, into digital transformation, and this latest deal is part of that strategy and it seems to be one that is working quite well for publicists Chloe.
Finally a big drop for Advanced Medical Solutions. What's driving that?
Yeah, So Advanced Medical Solutions a company that makes surgical and wound care products and it's dropped because Tha Associates confirmed that it would not be making an offer for the company after previously considering a deal, and so the shares had rallied massively on the news of a potential deal last month, and so obviously now that that is not happening, we're seeing the shares drop quite quite a lot.
There might be other suitors coming through though. It is not the first time that AMSA has been the subject of takeover intra and it's also coming at quite an
interesting time for British companies. There's a new a new piece on the terminal today about the value of mergers and acquisitions targeting UK companies rising more than two hundred and fifty percent this year and that is really putting the M and A Advisors in London on track for their best here in more than a decade, so maybe ams will be part of that book.
Not right now. 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.