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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
Royal Dutch Shell to be prosecuted by Dutch authorities for criminal charges over an oil prospecting license OPL245 dispute in Nigeria (settled in 2011).
WPP FY £15.6bn revenue (+0.8% like-for-like) beat £15.3bn est. (upper end of own guidance), like-for-like billings +3.2%, EBITDA -8.8%, pre-tax profit -30.6%. Reiterated guidance for a challenging H1’19 due to headwinds from 2018 client losses, like-for-like sales to fall 1.5-2%.
Rightmove 2018 revenues and underlying op profit +10%, final div +11%; stable membership; visits +4% (132m/month), visit time +5% (1bn mins/month); ARPA +9.2%; sees more growth despite Brexit, thanks to digital efficiencies; not materially impacted by property cycles, except if extreme.
William Hill FY adj. net revenue +2%, rev. from new US operations -£33.2m, swung to a £721.9m pre-tax loss (profit -16% on adj. basis) after £922m exceptional charges, incl. a £882.8m non-cash impairment in Retail after regulatory changes. Cut dividend -9%. 2019 guidance in-line with market.
Man Group FY funds under management -0.5%, net inflows -15.6%, $7.7bn negative investment movement (after positive $10.7bn prev.). Adj. pre-tax profit -34.6% after a performance fees -63% and increasing redemptions. Cut final dividend -2.8% (FY: +12.1%).
LSE says it will miss 2019 EBITDA margin target of 55% and 2017-19 compound annual operating expenses growth target of 4% due to investment costs; Reports 2018 total income +9% and adj op profit +15%, both beating consensus, and final div +17%.
IMI CEO steps down, replaced internally. 2018 evenues +9%, adj. operating profit +11%, pre-tax profit +12% (ahead of company expectations), operating cash flow +2%, dividend +3%, net debt +52%; Expect lower organic revenues in H1 2019, but margins similar; normal FY H2-weighted.
(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 |
| INTL CONSOLIDATED AIRLINE | IAG | -2.9% | 1.3% | -3.4% |
| MONDI | MNDI | -8.6% | -3.8% | -8.7% |
| ROLLS-ROYCE | RR/ | -2.2% | 2.8% | -4.8% |
| RIO TINTO | RIO | -1.1% | -0.1% | -1.8% |
| BRITISH AMERICAN TOBACCO | BATS | -2.7% | -2.1% | -4.7% |
| ASTON MARTIN | AML | -20.5% | -0.7% | -20.5% |
| RSA INSURANCE | RSA | -4.3% | -3.7% | -6.2% |
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Prepared by Michael van Dulken, Head of Research