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
Imperial Brands sees FY net revenues “at, or above” 1-4% guidance, on-track for FY targets. Tobacco growth modest, H2 offsetting H1 declines, but vols slightly behind last year. Next gen products YoY growth strong despite US regulatory uncertainty. Expects H1 profits to be hit by divestments (incl. Logista stake reduction). Sees 2% FX profit tailwinds in H1, no full-year FX impact.
Bellway H1 revs +12.4%, op. profit +8.7%, interim div +5%, net asset value +15.7%, return on capital -1.1pts, operating cash flow +18%; Reservations +2.8%, Completions +5.6%, Avg sale price +6.5%, fwd sales value -2.5%, fwd sales vol +4.3%; expects further growth in completions, but depends on Spring selling season; ongoing cost pressure of 3%, Brexit threat to material supply but working to mitigate.
Diploma H1 trading “robust” and in-line. Expects underlying revenues +5%, +10% at constant FX, of which 4% from acquisitions. Life Sciences revenues expected +5%, Seals +4%, Controls +8%.
Sports Direct considering 5p/share offer for Debenhams valuing it at £61.4m, a 127% premium to yesterday’s close. Pre-conditional on: 1) Ashley taking CEO position; 2) termination of noteholder consent solicitation for refinancing; 3) no new third-party secured funding arrangements; 4) no administration, CVA or insolvency process.
(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 |
| SPORTS DIRECT | SPD | 0.6% | 1.3% | -3.2% |
| DEBENHAMS | DEB | 38.2% | 47.8% | 7.0% |
| CREST NICHOLSON | CRST | 5.6% | 10.2% | 4.6% |
| OCADO | OCDO | 6.1% | 8.6% | 5.1% |
| UNITED UTILITIES | UU/ | -2.8% | -1.6% | -3.4% |
| FERGUSON | FERG | -8.9% | -7.9% | -12.8% |
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Prepared by Michael van Dulken, Head of Research