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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
SSE and Npower have delayed completion of their merger of SSE Energy Services and Innogy beyond Q1 2019 after changes to commercial terms including new UK government price caps, collateral requirements against credit and ability to retain appropriate credit rating.
Informa 10-month underlying revenues +3.9% (+4.1% excl. UBM merger) vs +4.3% in H1. Trading in-line with expectations, on-track for FY +3.9% target in spite of macro uncertainties. UBM integration largely complete, on track for 2019-2021 cost synergies. Preparing for Brexit.
Unilever is considering a $1bn bid for China’s Weimeizi according to the South China Morning Post.
AO World to acquire Mobile Phones Direct (FY17/18: £121.7m revenues, £5.5m EBITDA) for £38.1m (cash and debt free), paying £20.9m cash (+interest) using new £24m loan, and AO shares.
(Sources: Company newswires, Bloomberg, CNBC, FT, Reuters, Wall Street Journal)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| ASTRAZENECA | AZN | 5.8% | 7.6% | 2.5% |
| J SAINSBURY | SBRY | 3.5% | 3.8% | 0.6% |
| BURBERRY | BRBY | 4.0% | 5.6% | 1.2% |
| NATIONAL GRID | NG/ | 0.6% | 1.8% | -0.3% |
| HIKMA PHARMACEUTICALS | HIK | 6.6% | 9.9% | 2.1% |
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Prepared by Michael van Dulken, Head of Research