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>> The Stock Movers Report, your roundup of

companies making moves in the stock

market, harnessing the power of

Bloomberg data. Well, let's take a look

at some stocks on the move today in

Europe. I'm Steven Carroll with Caroline

Heepker and we're joined by Bloomberg's

breaking news editor, Louise Moon.

Louise, let's start then in the

financial sector and some news from

HSBC.

Yeah, well is is in terms of kind of the

biggest uh stock move in London today.

HBC is leading those declines on the

Footsie 100. There was an interesting

note from JP Morgan analysts saying that

HSBC and Standard Chartered are the most

exposed to the Middle East to the war in

the Middle East. So for HSBC, the Middle

East represents 4% of pre-tax profit and

for Standard Chartered 12%. So both

shares heavily down. It also said that

you know while other European banks have

more limited exposure um of course uh

the war is is weighing on the whole

sector particularly today you look

across Europe and banking is really uh

weighing on on indexes across Europe.

This is you know as of course oil is

surging concerns that the war could

disrupt energy markets for for a

prolonged period and that's driving

those moves across the broader market.

worries that that will kind of rekindle

inflation and weigh on economic growth

and that's really weighing on the

banking sector. But yeah, HSBC in

particular leading those declines in

London um on the back of that note and

those wider concerns.

>> So European equities down today, but

defense stocks uh are moving. Uh

Leonardo in particular a major move

higher. What's behind that?

>> Yeah, Leonardo shares hitting a record

this morning. So they've had their kind

of own individual news. They set some

new targets for 2030 with which analysts

have described as bullish um in

particular their their large kind of

expectations for their order intake.

They've laid out a new plan. So

essentially Leonardo has had a few years

of focusing on cutting down debt,

improving their cash flow, and now

they're they're turning to to what's

forward. So they're putting at the core

of of their aims going forward

essentially they're putting defense

electronics which are a higher margin

defense electronics and network defense.

So not just kind of standalone uh

platforms but networking everything

together as an offering. Um that is yeah

as as I say that's that's what they're

going to focus on going forward. and in

particular defense electronics has been

quite uh quite central to to uh what's

being used in the Middle East um a lot

of those systems. Uh so this is part of

Leonardo you know taking a bigger piece

of that pie of European military

spending which has been on the rise um

for the past couple of years. So their

shares you know up almost 40% over the

past year and as I say hitting a record

today on those new aims and those new

targets. Okay, so that's from Leonardo

and the travel firm on the beach, uh,

their shares also responding to the

travel disruption.

>> Indeed. Yeah, it's absolutely, you know,

slumping at the open, down 14% to the

lowest since late 2024 for on the beach.

They've suspended their guidance on the

back of the Middle East um conflict. So,

they're saying that while they have kind

of limited exposure in particular to the

Middle East, they've seen a significant

slowdown, in their words, in demand. Um

and there's a lot of uncertainty of

course as to how long this will last. So

they've seen a big slowdown in demand

for places like Turkey, Greece, Cyprus,

Egypt, they they named those four in

particular. Um and of course this is

this is as you know we've been speaking

about the past few days huge disruption

to the travel industry. And then if you

look at um airlines across the board

still down today, I agui but yeah on the

beach suspending guidance on the back of

that conflict. Um they have kept their

mediumterm goals intact but but they are

seeing that slowdown in demand.

>> The stock movers report from Bloomberg

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