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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
Bunzl Q4 performance in-line and notes FY like-for-like revenue target of 8-9% (4% organic). FX headwinds of 3-4% expected.
Ocado Q4 revenue +12% YoY (in-line with target), avg. orders per week +13.1%, avg. order size -1%. New automated warehouses in Andover and Erith performing in-line with expectations.
TUI FY underlying like-for-like sales +10.9% YoY, EBITA +10.5%, pre-tax profit -3.7%, dividend +10.9%. €40m non-cash impact of weak Tukish lira. Holiday Experiences growing, but Markets & Airlines weaker after warm weather/airline disruptions. Reiterated 10%+ annual profit growth target.
Sports Direct H1 revenue +4.5%, underlying EBITDA -4.7% (+15.5% excl. House of Fraser), underlying pre-tax profit -26.8%. Notes challenges in turning House of Fraser around. Reiterates 5-15% FY EBITDA target range (excl. M&A), but incl. House of Fraser profits to be behind last year.
Serco expects FY underlying trading profit to grow 30-40% (£90-95m) and in-line with expectations in 2019 (£95-100m). Expects underlying 2018-2019 EPS 5-10% better than current consensus after lower tax rate.
(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 |
| ROLLS-ROYCE | RR/ | 7.5% | 8.1% | 3.8% |
| DIXONS CARPHONE | DC/ | -4.7% | -4.2% | -16.2% |
| SUPERDRY | SDRY | -42.6% | -21.9% | -42.8% |
| BRITISH AMERICAN TOBACCO | BATS | 0.7% | 2.5% | 0.6% |
| JOHN WOOD | WG/ | -5.7% | 5.7% | -5.7% |
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Prepared by Michael van Dulken, Head of Research