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
Bovis Homes (BVS) – The UK housebuilder has announced completions were down 8%, bucking recent reports from peers, although average selling prices increased 7%. Management maintains fundamentals remain strong thanks to low financing and government initiatives, while strong outlook sees a 20% dividend increase in 2018 and allows first special dividend payment towards end of year.
Carillion (CLLN) – The UK Government will meet today to discuss the embattled outsourcer’s pension shortfall of £587m, amid concerns the company may need intervention to save jobs and livelihoods.
Mitchells & Butler (MAB) – The pub chain has announced says rose during the Christmas period, despite adverse weather in the run-up, while Christmas day saw record trading.
Smiths Group (SMIN) – The medical equipment supplier expects the impact of US tax reform to be favourable over the medium term, with a two point drop in tax rate from FY19 onwards.
(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 |
BARRATT DEVELOPMENTS | BDEV | -2.7% | -0.9% | -3.6% |
BOOHOO.COM | BOO | -7.6% | 4.2% | -8.7% |
CARILLION | CLLN | -11.6% | 5.8% | -15.9% |
MARKS & SPENCER GROUP | MKS | -7.0% | 0.2% | -7.5% |
TESCO | TSCO | -5.6% | -3.6% | -6.4% |
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