Stock Movers BP Writedowns, Hays Drop, EssilorLuxottica Gain
Jan 14, 2026
Louise Moon, Breaking News editor at Bloomberg, dives into significant market shifts. She reveals BP's forecast of up to $5 billion in writedowns, linking it to their strategic pivot back to oil and gas. Hays faces a troubling drop, with shares hitting their lowest since 1993 due to disappointing growth figures. In contrast, EssilorLuxottica sees a boost as HSBC upgrades its recommendation, spurred by advances in smart glasses and new production deals with Meta. Moon's insights paint a vivid picture of the current market landscape.
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BP's Strategic Reset And Big Impairment
- BP will take a $4–5 billion impairment tied to its transition (gas and green) business as it pivots back to oil and gas.
- The charge reflects a major strategic reset under new incoming CEO and worsened fourth-quarter expectations.
Weak Trading And Leadership Change Complicate BP
- BP also warned oil trading would remain weak and production flat, compounding investor concern beyond the impairment.
- The incoming CEO from Woodside Energy faces a sizable reset to refocus BP on core oil and gas operations.
Recruitment Sector Under Pressure
- Hays shares hit their lowest level since 1993 after reporting sharper-than-expected declines in like-for-like growth.
- Permanent hiring weakness and a tough UK jobs market are depressing recruitment fees and industry outlook.