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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
Sainsbury Q3 retail like-for like sales (ex fuel) -1.1%, misses -0.3%e; Grocery +0.4% vs +0.8%e; General Merchandise -2.3% vs -0.6%e; Clothing -0.2% vs -2.1%e. Cautious consumer spending, reduced promotions; £200m cost savings on track.
Taylor Wimpey FY in-line after “stable” 2018 market. Completions +3% YoY (affordable +21.6%). Net private reservations +3.8%, cancellations +7.7% (to 14%), avg selling prices flat (+2% on private completions). Trading robust despite “customer caution” in London & SE. Order book +9.4%, build cost inflation in-line at 3-4%. Extra £15-20m exceptional charge for increased pension liabilities.
The FT reports the EU warning IAG that its no-deal Brexit operational strategy won’t work. Stressing the domestic focus of IAG’s airlines (Aer Lingus, Iberia, BA) to keep them operating in the EU “isn’t a solution” according to an anonymous senior EU official.
Centamin Q4 gold production +17% QoQ, Full year -13%; Continued focus on operating controls and resource modelling.
Greggs lifts full year profits guidance to £88m (from £86m prev.) after Q4 total sales +7.2% YoY, shop like-for-like sales +2.9% (H1: +1.5%, H2: +4.2%). Good sales momentum into the new year, with vegan-friendly sausage roll proving popular “with a broad range of customers”.
Ted Baker Christmas retail sales +12.2% YoY, with online +18.7%, average retail sq footage +5%; gross margin in-line, FY guidance unchanged. External investigation into CEO’s “unwanted hugging” continues.
(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 |
| WM MORRISON SUPERMARKETS | MRW | -1.5% | 0.4% | -3.1% |
| FERREXPO | FXPO | 0.2% | 2.2% | -2.0% |
| GREENE KING | GNK | 7.1% | 8.6% | 2.5% |
| SIG | SHI | -4.0% | -1.8% | -8.2% |
| FAROE PETROLEUM | FPM | -0.1% | 2.1% | -0.5% |
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Prepared by Michael van Dulken, Head of Research