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
Hargreaves Lansdown H1 net revenues +9% YoY, net new business -24%, AUM -0.2% (-6% QoQ), pre-tax profit +4%, interim dividend +2%. H2 traditionally stronger, but weak investor confidence and Brexit uncertainty “not helpful for predicting volumes”. Prepared to deal with any outcome.
Royal Mail 9-month trading in-line, underlying group revenue +2% YoY, driven by parcels (+6%) and GLS (+8%). Narrows FY adj. operating profit (pre-transformation) guidance to £500-530m (from £500-550m). Business uncertainty hitting letter volumes (-6%). FY letters seen down 7-8%, worse than prev. guidance, while other targets unchanged.
Crest Nicholson FY revenue +9% YoY, pre-tax profit -14.8%, op. profit margin -360 bps, net cash -57.5%. Margins weaker on political uncertainty hitting London, cost inflation and pricing softness; weaker customer demand to continue. Dividend unchanged. Forward sales 11% ahead of last year, build cost inflation moderated and implementing plans to limit margin pressure over next few years.
Domino’s Pizza strong UK & ROI (sales +6.2% organic) offset by weaker International progress (-2% / +1.6% organic) and business integration challenges in Norway: FY underlying pre-tax profit expected at lower end of consensus £93.9-98.2m.
(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
| Shares | Close | High | Low |
| Marks & Spencer | 0.1% | 2.6% | 0.1% |
| Vodafone | -1.1% | 1.7% | -1.3% |
| Rolls-Royce | -1.2% | 0.2% | -1.2% |
| Paragon | 0.3% | 1.6% | -2.0% |
| Flybe | 15.3% | 36.2% | 2.9% |
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Prepared by Michael van Dulken, Head of Research