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
BHP Q2 petroleum production -2% YoY, copper -3% (miss), iron ore -6% (miss), metallurgical coal +6%, energy coal -9%. FY guidance for petroleum, iron ore and coal reiterated, copper raised; H1 productivity hit by outages, $600m impact. FY productivity guidance under review.
easyJet Q1 revs +13.7% YoY, Rev per seat -3.8%, cost per seat -4.3%; underlying growth offset by last year’s one-off benefits, dilutive Tegel and new accounting; £10m cost from Gatwick drones. H1 Bookings encouraging despite Brexit but rev per seat expected down mid-high single digits; H2 bookings ahead; FY pre-tax expected broadly in-line with consensus; FY capacity expected up circa 10%, H1 circa 15%
Dixons Carphone 10-week Christmas like-for-like group revenue +1% YoY, UK/IRL electricals +2%, UK/IRL mobile -7%, International +5%. Peak trading in-line, with record sales against a “tough backdrop”. Gross margins stable. FY £300m pre-tax profit guidance unchanged.
Apollo Global Management private equity group is in “advanced talks” to acquire RPC Group for more than $3.8bn, with the deal potentially announced as soon as today, according to The WSJ.
(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 |
| JUST EAT | JE/ | 0.0% | 0.8% | -6.5% |
| WILLIAM HILL | WMH | -0.1% | 2.3% | -4.2% |
| MEGGITT | MGGT | 3.0% | 3.5% | 1.8% |
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.
Prepared by Michael van Dulken, Head of Research