Stock Movers Rolls-Royce Gains, Lufthansa Rises, Berkeley Tumbles
Apr 1, 2026
Tiwa Adebayo, Bloomberg reporter covering markets and companies, breaks down big movers. Rolls‑Royce jumps on defense and energy interest. Airlines navigate Middle East risks and contingency planning. UK housebuilder Berkeley tumbles after sharply cut profit outlook tied to regional uncertainty.
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Rolls-Royce Rally Fueled By Defence And Energy Exposure
- Rolls-Royce's stock rallied partly because Wells Fargo initiated overweight coverage and investors see defence and energy exposure as valuable amid the Middle East conflict.
- The firm makes engines and gas turbines for military aircraft and oil/gas pumping equipment, which boosted trading volume and peer defence gains like Babcock.
Lufthansa Prepares Grounding Plans As Jet Fuel Tightens
- Airlines gained broadly while Lufthansa jumped as markets price potential demand shifts and jet fuel supply disruption from the Strait of Hormuz closure.
- Lufthansa is preparing contingency plans, including grounding planes, as refineries cut production and jet fuel availability becomes uncertain.
Berkeley Shares Plunge After Slimmer Earnings Outlook
- UK housebuilder Berkeley plunged after cutting medium-term earnings guidance, citing reduced chances of interest rate cuts because of the Iran war.
- Berkeley's four-year pre-tax profit target was lowered to about $1.4bn, roughly 33% below prior estimates, triggering the steepest fall in nearly a decade.