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
Debenhams Chairman steps down after CEO and Chairman not re-elected to board by two major investors, including 29%-owner Sports Direct; CEO stays on.
Flybe recommends 1p/share cash offer (93.9% discount to yesterday’s 16.38p close) from Connect Airways (JV: 30% Stobart, 30% Virgin Atlantic) valuing it at just 2.2m (£35.5m market cap yesterday). The JV will provide up to £80m further funding and contribute Stobart Air.
Grafton FY like-for-like total revenue +8.4% YoY, average daily revenue +4.3%, with contributions from both organic growth and Leyland SDM acquisition.. Now expects FY EBITA “slightly ahead” of the top end of the £185.1-188.5m consensus range.
(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 |
| MARKS & SPENCER | MKS | -0.3% | 3.6% | -0.9% |
| TESCO | tsco | 4.0% | 5.1% | 1.8% |
| MITCHELLS & BUTLERS | MAB | 11.5% | 12.1% | 6.0% |
| DEBENHAMS | DEB | -12.4% | 8.5% | -14.7% |
| PREMIER OIL | PMO | 3.3% | 5.2% | 1.7% |
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Prepared by Michael van Dulken, Head of Research