This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
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
Marks & Spencer Q3 Group Sales -3.9% YoY; UK -2.7% (-2.2% like-for-like), Int -15.1% (-1.4% ex-HK sale); Clothing & Home -4.8% misses -4.6%e (online +14%), -2.4% like-for-like misses 1.7% est; Food -1.2% (-2.1% like-for-like beats -2.5%e); Steady in difficult markets; transformation on-track; Guidance unchanged,
Tesco 19-week (Q3+Christmas) like-for-like sales +0.8% YoY (Q3: +0.5%, much slower than Q2 and Q1; Christmas +1.5%). UK +1.2%, outperforming market in all key categories over Christmas (+2.2%), but Central Europe and Asia weaker. Ireland flat after tough comparable. Booker Q3 strong (+11%), but slowed over Christmas (+6.7%). FY guidance unchanged.
Mitchells & Butlers Q1 like-for-like sales +4.7% YoY (3 week festive: +9.8%; Core Christmas fortnight +12.3%), evenly spread over Food and Drink. Enters “toughest quarter” and expects “quiet” trade until next payday.
Debenhams like-for-like 6-week Christmas sales -3.4% (online +6%); 18wk sales -5.7% like-for-like; warns H1 margins to be eroded by discounting; continues to generate cash; reiterates FY guidance; in talks with lenders about refinancing; further asset sales on hold.
Premier Oil expects year-end net debt below guidance; full year production expected +7% after Nov-Dec rates average above forecast (as communicated 7 Dec); strong production base, well hedged, prioritising debt reduction.
(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 |
| SAINSBURY | SBRY | 2.6% | 3.7% | -2.5% |
| TAYLOR WIMPEY | TW/ | 6.7% | 7.9% | 2.1% |
| INTL CONS. AIRLINES | IAG | 0.7% | 1.3% | -0.5% |
| CENTAMIN | CEY | -2.5% | -1.2% | -3.6% |
| GREGGS | GRG | 7.8% | 9.3% | 3.5% |
| TED BAKER | TED | 34.3% | 34.8% | 7.5% |
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Prepared by Michael van Dulken, Head of Research