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
Rentokil secures £1.5bn defined pension scheme buy-in with Pension Insurance Corporation returning £373m surplus funds to the company.
Ferguson Q1 like-for-like revenue +8.5% YoY (+6.7% organic), like-for-like profit +10.2%, invested $284m in M&A during Q1. $6m exceptional costs due to UK restructuring. Reports wide US growth, Canada rebounding and modest UK growth. Exprects FY profit in-line with expectations.
Greencore FY continuing revenues +4.2%, adj. Op profit +1.7% (statutory +9.5%), adj. Pre-tax profit -0.6% (statutory +12.7%); To return £509m to shareholders via tender offer/special dividend. After US disposal, now focused on UK; Brexit risks manageable, challenges of a ‘no deal’ uncertain.
Victrex FY revenue +13% YoY, pre-tax profit +15%, dividend +17% (regular +11% + 82.68p special). Expects good progress next year, but H1 FX headwinds, and softness in Consumer Electronics and Automotive may hold back growth (with better H2 expected).
Ryanair signs 4yr pact with German Pilots; Nov traffic +11% (o/w Ryanair +8%, Laudamotion -40%), 96% load factor unchanged.
(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 |
| GLENCORE | GLEN | 2.6% | 7.4% | 1.2% |
| ANGLO AMERICAN | AAL | 4.0% | 5.5% | 2.8% |
| BHP | BHP | 3.9% | 5.5% | 3.2% |
| RIO TINTO | RIO | 2.3% | 4.9% | 2.1% |
| BP | BP/ | 1.9% | 4.3% | 1.4% |
| ROYAL DUTCH SHELL | RDSB | 1.9% | 3.3% | 1.7% |
| BARRATT DEVELOPMENTS | BDEV | -2.3% | -0.9% | -3.6% |
| TAYLOR WIMPEY | TW/ | -3.5% | -1.3% | -5.8% |
| BERKELEY GROUP | BKG | -1.8% | -0.4% | -3.1% |
| VODAFONE | VOD | 0.2% | 1.5% | -0.1% |
| BABCOCK | BAB | -1.7% | -0.3% | -2.5% |
| COCA-COLA HBC | CCH | 1.8% | 2.5% | -1.1% |
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Prepared by Michael van Dulken, Head of Research