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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
The UK’s FCA is looking to block the appointment of Ben Gunn as new deputy Chairman of Metro Bank, as well as shake up the challenger bank’s board in the wake of its accounting scandal. Mr Gunn has already spent over 9 years on the board, breaching FCA corporate governance rules.
The Mail on Sunday reports Marks & Spencer planning to open a number of larger food stores as it prepares to enter its JV with Ocado.
Domino’s Pizza denies Sunday Times report that CEO David Wild was “misleading” investors about positive progress in negotiations with the chain’s Franchisee Association.
Sports Direct would look to buy Debenhams if it collapsed, according to the FT, citing Sports Direct deputy CFO Chris Wootton who would replace Ashley as CEO if the latter led Debenhams.
JD Sports reaches final agreement to acquire Footasylum in 82.5p/share all-cash offer (£90.1m), a 77.4% premium to 15 March closing price, before deal announced. Already owns 18.7% of shares.
(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 |
| BERKELEY GROUP | BKG | 1.8% | 2.1% | 0.3% |
| RESTAURANT GROUP | RTN | 10.9% | 14.5% | -3.7% |
| JD WETHERSPOON | JDW | 2.2% | 3.5% | -6.2% |
| PAGEGROUP | PAGE | 2.3% | 2.4% | 0.3% |
| QINETIQ | QQ/ | 0.5% | 1.5% | 0.3% |
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Prepared by Michael van Dulken, Head of Research