Stock Movers BP Rises, Campari Group Down, Ryanair Dips
Nov 3, 2025
Chloe Millay, a Bloomberg reporter specializing in European markets, delves into significant corporate developments. She discusses BP's strategic $1.5 billion divestment of US shale assets to stabilize its balance sheet and regain investor trust. The podcast also highlights the Campari Group's troubling €1.3 billion share seizure linked to a tax probe, potentially affecting market perceptions. Finally, despite Ryanair's promising earnings and passenger growth expectations, CEO Michael O'Leary expresses concerns over looming UK taxes that could impact operations.
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BP’s Rapid Asset-Sale Turnaround
- BP is divesting non-core assets to shore up its balance sheet and win back investor confidence.
- The company pledged $20 billion of asset sales by end-2027 and has exited onshore wind and some retail sites.
Campari Faces A Market Overhang
- Italian prosecutors ordered seizure of about €1.3bn in shares linked to Campari's holding company.
- Campari says it is not under investigation but the seized shares equal roughly 16% of its market cap, creating a market overhang.
Ryanair’s Strong Demand, Cautious Tone
- Ryanair beat profit expectations and raised passenger growth targets on strong demand and better Boeing deliveries.
- CEO Michael O'Leary warned that new UK taxes could force a refocus, which tempered the share reaction despite solid results.