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
Schroders FY net income +2.6%, pre-tax profit -14.5% (-4.8% pre-exceptional, in-line with est.), AUM -6% to £421.4bn (beats £419bn est.). Flat final div better than est. Net outflows £9.5bn reverses from £9.6bn net inflows on redemptions from lower margin business. Notes industry headwinds, but confident in future growth.
NMC Health FY revenue +28.3% (+15.4% organic, guidance beat), EBITDA +37.9%, adj. profit +19.9%. Final dividend +39.2%. Record rev. and profit and notes a strong 2019 start after strong economic growth in core region. FY’19 guidance (rev. +22-24%, EBITDA +18-20%) unchanged.
Admiral 2018 pre-tax profit +18% beats est (+2% using assuming old discount rate); 66p final div +13.8% (49.1p ord, 16.9p special o/w 11p from Ogden discount change benefit). Return on equity +100bp; Combined ratio +150bp; Net Revs +12%; Clients +14%; Solvency 194% vs 205% prev.
Aviva 2018 op profit +2%; final div +9.2%; solvency II capital surplus -1.6%; solvency II cover ratio +600bp; op capital generation +23%; Net written prems, Combined ratio, and reserve release all flat; new business +2% (excl. divestments); less appetite for bolt-on acquisition; outlook more muted.
Informa FY revenue +34.9% (£2.37bn beating £2.33bn est.), underlying rev. +3.7% (slower than +3.9% in first 10 months), adj. pre-tax profit +33.7% (in-line), free cash flow +25.5%, total dividend +7.1%, net debt +95.3%. Sees 2019 underlying rev. growth, improved margins and strong cash flow.
Greggs FY total sales +7.2% (in-line), like-for-like own shop sales +2.9%, pre-tax profit (pre-exceptional) +9.7% (beats consensus). Final dividend +13.6% (FY: +10.5%) and expecting to declare special dividend with H1 results. Sees a £4.2m hit to FY’19 pre-tax profit from IFRS 16 shift.
(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 |
| ROYAL BANK OF SCOTLAND | RBS | -1.8% | -1.6% | -4.9% |
| MELROSE | MRO | -0.4% | 0.9% | -1.1% |
| LEGAL & GENERAL | LGEN | -3.4% | -2.5% | -5.2% |
| JUST EAT | JE/ | 1.1% | 3.8% | -4.3% |
| PADDY POWER BETFAIR | PPB | -0.8% | 3.8% | -0.9% |
| DS SMITH | SMDS | 4.5% | 7.0% | 1.5% |
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Prepared by Michael van Dulken, Head of Research