大众集团重组计划获监事会支持股价大涨

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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.

Now, let's take a look at some of the stocks on the move today in Europe. I'm Lizzie Burden alongside Stephen Carroll, and we're joined by Bloomberg reporter Chloe Melly. Chloe, we have some news out of Volkswagen today. Just talk us through what they've announced and the investor reaction so far. Seems positive.

Yes, absolutely very positive. And I think a big sigh of relief as well for management because the supervisory board has backed the massive uh restructuring plan, which includes uh 50,000 additional job cuts and also big changes to the car lineup that will result in much fewer models. And so this big restructuring was proposed by uh the CEO as a way to get the company back on track after years of sales declining and and costs ramping up.

And also the company dealing with particular weakness in the Chinese market because of uh the competition in that particular uh market, but also all of those Chinese car makers uh making their way as well into Europe and gaining market share there. Um so there were uh quite a lot of challenges ahead for the CEO in trying to uh get that plan moving with a lot of pushback in particular from labor unions. So the fact that it got the backing that it needed, that gives the CEO now a very clear mandate and uh led the shares much higher uh this morning and overall investors and analysts are very positive on the restructuring plan with uh city analysts in particular calling it brave.

So we'll see if it actually delivers what it's planning to deliver.

Uh less positive investor reception though for news from Daimler Truck. What's going on there?

Yes, so Daimler Truck falling this morning a little bit after Morgan Stanley downgraded the stock. So that's not really because of fundamentals. So, they said that you know a strong North American market that has meant that the North American margin trajectory is going to be very positive. And they also increased the price target and the estimates for earnings over 2027 and 2028. But, they just said that the recent rally in the sector makes truck stocks a lot less attractive now.

You know, shares of Daimler are up more than 20% this year. It's doing a lot better than it was in 2025. 2025 was really marked by tariffs. But, this year has been a lot better after all of those companies in that truck sector tried to sort of adapt to this new tariff framework by making more parts in in the US for instance. And that's led Daimler to raise its outlook at the latest results. Both from Morgan Stanley analyst perspective, the environment is positive, but there is actually not much further for the stock to go.

And so, we are seeing that impact the shares a little bit this morning.

Now, Chloe, I have been scratching my head as to what Rockhopper does. But, the name's on the tin. Obviously, it's an offshore oil exploration company. And then we've got the Falklands tensions heating up. So, so how is it moving off the back of those tensions?

Yeah, it's it's quite an interesting story. So, yeah, Rockhopper Exploration, quite a small UK listed company working to extract oil around the Falkland Islands. And it's a project known as the Sea Lion project. And it's getting quite hard hit quite hard today because attentions, as you mentioned, are revving up between the UK and Argentina over the Falklands more than 40 years after the Falklands War. So, the Argentinian president Javier Milei is now targeting a new oil project in the disputed area to try and revive his popularity at home.

It also said that he would speed up sanctions against firms that are working around the islands without the approval from the government. And also said that Argentina will build a naval base near the islands. And so, that creates a lot of uncertainty around this Sea Lion project, which is set to start production in March 2028. And so, that is leading a big drop in the shares today [music] for Rockhopper Exploration.

The Stock Movers Report from Bloomberg Radio. Check back [music] with us throughout the day for the latest roundup of companies making news on Wall Street. [music] And for the latest market-moving headlines, listen to Bloomberg Radio live catches on YouTube, bloomberg.com, and on Apple [music] CarPlay and Android Auto with the Bloomberg Business App.