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The below stocks have been identified as having potential to register bigger than normal share price moves (up or down) today based on the news cited
Sainsbury’s (SBRY.L) – Beat analysts’ forecasts by more than 2% for full year with underlying pretax profit of £587m in the year to March 12, compared to analysts’ average forecast of £574m and £681m made in the 2014/15 however it still reported a second straight year of decline, hurt by an ongoing industry price war expecting tough market conditions to remain. Closing price 285.06p (Reuters)
Direct Line Group (DLG.L) – Reported that gross written premiums rose 4.2% year on year for Q1, continuing operations total £777.8m, however net investment loss of £7.7m is attributed to the sale of certain assets. Closing price 368.63p (Reuters)
Imperial Brands (IMB.L) – The company said it was on track to meet full-year outlook/guidance, but misses sales expectations, selling £133.9bn cigarettes in H1 to 31 March, expectations were for £136bn, while Tobacco net revenue of £3.4bn against analysts forecast of £3.8bn, according to a company-supplied consensus. Operating profit topped expectations, coming in at £1.64bn, vs analysts’ expectations £1.62bn. Closing price 3740.00p (Reuters)
Next (NXT.L) – Said total sales fell 0.2% in Q1. Its downgraded its annual sales guidance for the third time in five months, citing a possible further slowdown in consumer spending. Now expecting full-price sales for its 2016-17 year to be between 3.5% lower and 3.5% higher, widening the range from a previous forecast for sales to be down 1% to up 4% Closing price 4978.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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