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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
Crest Nicholson Holdings PLC (CRST.L) –”Operating margins for the full year are expected to be around 18%, at the bottom of the 18-20% guided range”. Growth in reported revenues for the year is expected to be over 15%, however sales at higher price points will continue to be impacted by a slow second-hand market, likely to restrain overall price growth in the near term. Closing price 496.44p (Reuters)
Premier Oil PLC (PMO.L) – Is heading for a “material” reduction of its $2.7bn debt, with its Catcher field ramp-up reaching a promised 60,000 bopd as oil prices trade at 3.5 year high’s. It also reiterated it was on track to meet its full-year production guidance of 80,000-85,000 bpd. Closing price 110.88p (Reuters)
Marston’s PLC (MARS.L) – Reported operating profit of £28.8m in H1. Sees growth in revenue, adjusted pretax for 2018 and states net capital reduction of £25m on plans for 2019. Closing price 111.88p (Bloomberg)
Mondi PLC (MNDI.L) – Reports underlying operating profit for Q1 of €295m, a 15% increase y-o-y, like-for-like sales volumes were stable. Higher average selling prices and profit improvement initiatives across the group more than offset higher operating costs, the impact of maintenance shuts and negative currency effects. Closing price 2003.00p (Bloomberg)
Burberry Group PLC (BRBY.L) – See its pre-tax profit climb 2% year on year, with comparable sales for the full year that matching average analyst estimates of +3%. Revenue slightly lower than forecast. The dividend was increased to 30.3pp share. Closing price 1806.3p (Bloomberg)
(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 |
| PADDY POWER BETFAIR | PPB | 12.2% | 13.7% | 9.0% |
| WILLIAM HILL | WMH | 10.7% | 12.0% | 8.5% |
| GVC HOLDINGS | GVC | 7.4% | 8.4% | 4.5% |
| HARGREAVES LANSDOWN | HL/ | -0.8% | 2.2% | -2.0% |
| EASYJET | EZJ | -1.9% | 2.9% | -0.6% |
| FIRSTGROUP | FGP | 4.0% | 8.9% | 4.2% |
| LAND SECURITIES | LAND | -0.9% | 0.1% | -3.0% |
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research