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
GVC 2018 pro-forma net gaming revs +9%, gross profit +7%, underlying EBITDA +13% (lower end of guidance), underlying operating profit +19%; final div +3.8%; backs FY guidance after Jan-Feb net gaming revs +11%; will operate EU business from Malta, locate servers in Ireland post-Brexit.
Vodafone to raise €4bn via 2-3yr convertible bonds to fund acquisition of Liberty Global assets. Considering buybacks to mitigate share dilution.
NMC Health signs JV docs with Hassana (investment arm of Saudi Arabia’s Social Insurance); will own 52% of JV, contributing 5 existing Saudi assets + cash.
Ashtead Q3 underlying rental revenue +19% YoY, EBITDA +21%, pre-tax profit +17%, capex +50%, acquisitions +55%. Sees FY capex at upper end of guidance (~£1.6bn), similar next year. Interim div +18%; buybacks to continue £125m/quarter. FY guidance unchanged.
Direct Line 2018 Gross written prems -5.3% (exited Sainsbury, Nationwide; own brands +1.8%); operating profit -6.4%, pre-tax profit +8.1%, combined operating ratio -90bp, final div +2.9%, special div -44.7%; trading in-line, reiterates 2019 financial targets.
(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 |
| AVIVA | AV/ | 2.7% | 4.1% | 1.8% |
| BRITISH AMERICAN TOBACCO | BATS | 4.1% | 5.6% | 1.8% |
| DAILY MAIL | DMGT | 5.8% | 6.7% | 4.7% |
| ROLLS-ROYCE | RR/ | -6.3% | -4.6% | -8.1% |
| TED BAKER | TED | 8.5% | 11.0% | -1.6% |
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Prepared by Michael van Dulken, Head of Research