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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
BT: The Mail on Sunday says BT has brought in advisers to ward off a potential takeover by Deutsche Telekom before an end-Jan “no stake increase” deadline expires.
Smith & Nephew says trading in-line with FY 2018 guidance (Results 7 Feb). Presents today at JP Morgan Healthcare Conf in San Francisco.
Morrisons is cutting prices on almost 1,000 products by an average 20% to compete with discount chains Aldi/Lidl, with the cuts expected to hold for 12 weeks.
Ophir Energy says notified by Equatorial Guinea Ministry of Mines and Hydrocarbons that Block R Licence, containing Fortuna gas discovery, will not be extended following 31 Dec expiry.
Dunelm Q2 like-for-like revenues +9% YoY (stores +5.7%, online +37.9%). Gross margin +190bps. Sees H1’19 pre-tax profit of £70m (+16.6%) after £3.8m Fogarty impairment charge. Cautious FY outlook on Brexit uncertainty; expects FY pre-tax profit “modestly” ahead of top range of consensus.
(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
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