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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
Ashtead expects FY results ahead of prior views; Q2 revenue growth was slower than Q1, but faster than Q4; interim dividend +18%; FY CAPEX guidance raised to £1.4-1.6bn.
WPP turnaround aims for 15%+ op profit margin by 2021; 3yr restructure to cost £300m, with £275 p.a. savings by end-2012 (50% to be reinvested). Prioritising divs over buybacks; aims for 37.3p final div to maintain FY 60p. Confirms plans to divest Kantar stake, but retain significant minority interest.
Carpetright H1 revenues -15.7% (UK -19%; -12.7% like-for-like; Q2 better than Q1), underlying EBITDA £-1.7m (UK £-2.1m) vs H1’18 £8.6m (UK £8.4m), underlying pre-tax loss £12.4m (vs H1’18 profit £1.2m); net debt halved; on track for £19m annual savings; 65 UK stores closed.
Serco extends two municipal support services contracts (by 10 years and 2 years, respectively) worth £135m.
(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 |
| NMC HEALTH | NMC | 0.6% | 3.3% | 0.6% |
| BAE SYSTEMS | BA/ | 1.9% | 3.2% | 0.7% |
| BABCOCK | BAB | -1.6% | -0.2% | -2.1% |
| PHOTO-ME | PHTM | -12.5% | 0.2% | -16.0% |
| INTERSERVE | IRV | -52.1% | -44.6% | -72.9% |
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Prepared by Michael van Dulken, Head of Research