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Well, let's take a look at some stocks on the move today in Europe. I'm Stephen Carroll and I'm joined by Bloomberg's Breaking News editor Louise Moon. Louise, good morning. So let's start with the movement that we're seeing in energy price energy price shares this morning. And you've been looking at the likes of Shell.
Yeah, so Shell among as you say, energy stocks in general across Europe and in London, Shell's one of the top prises on the foot TEO hundred alongside BP and as I say, oil stocks kind of gaining in London, and they're the top performers on the stock six hundred in Europe. Obviously, this comes as oil prices holding firmly above one hundred dollars a barrel on the back of your starts to enforce a blockage of Iran support. So that's hiking oil prices and hike the relevant stocks as well.
So if you look across Europe, you've got total energies REPSOL, both in Paris, Equinor and Oslo. So seeing gains across the board there and then on the flip side, airlines on the back foot on the prospect of those higher jet fuel prices. So you've got the likes of whizz Air, Easy Jet, Ryanair, IAG left hands are all down, all their shares into the red Bernstein warning that you know,
those rising fuel costs will eat into their earnings. So seeing that the rise in in energy and the fall in airlines across Europe this morning.
Yeah, indeed get more volatility on the back of those headlines coming from the Middle East. Let's go to Sweden next though, and some news from the sensor maker Hexagon.
Yes, this is a Swedish tech firm, so they make sensors and mapping tools. Essentially they help build digital images of the world and then they're used in the customers include you know, mining companies, construction companies, manufacturing. So they're buying a company called Wagate Technologies for about one point four or five billion US dollars in cash from Baker Hughes Baker Hues as a US energy tech firm. They're
based in Houston, so buying Waygate Technologies. Essentially, this allows them to expand into slightly different technology and into different industries. So whey you gate specializes in tech that's used by energy, aerospace cars, so slightly slightly different industries there. It comes as you know that there's been more and more deals
in the space, in the sensor tech space. There's more investment in automation and digitalization, you know, across the board, and therefore there's rising demand for these kind of companies that's kind of fueling these deals. So this deal is expected to close in the second half Hexgan shares in Stockholm little change perhaps, you know, waiting is a bit of a wait and see to the benefits of the deal, but expected to close in the second half, and that's for one point four or five billion.
US dollars okay, And in the UK slightly chili reception for the new CEO of home builder Vistry.
Yes, so shares Vistuy is actually among a big forwards that they were down as this morning as much as four point seven percent. They've named their inside a man called Adam Daniels to become their new CEO. So that's with immediate effect. So as you say, a bit of a chili reception to that the background being so he's replacing the outgoing CEO who's retiring, called Greg Fitzgerald. He's been there for more than a decade. He's kind of steered the company through a lot of deals and shaped
the company. So Alyss is saying that while it's good that this is sorted and it takes away the uncertainty over who's going to replace him, investors were expecting an external hire, and there's RBC, for example, saying it appears
a little rushed, so potentially some disappointment there. And then I mean, if you look back, if you look at their performance and their share price going back over the past year, their shares have fallen and forty seven percent, partly on a sluggish profit outlook and partly on Fitzgerald leaving. So essentially there's a big task for Daniels ahead to boost that share price and also to get that confidence
from investors. So he's pledged a lot of improvement. He said he's going to improve cash generation and open market sales for Vistry. But as you say, a bit of a chili reception for him so far, So we'll have to see how he does in the role. As he steps in.
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