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
Persimmon expects FY pre-tax profit modestly ahead of consensus; FY revenues +3.9% (new housing +3.8%), legal completions +2.5% (H2 +3.8%), private sales +0.5%, average selling price +1.0%; forward sales +2.9%; cash -20% after dividends; market buoyant, mindful of Brexit.
Boohoo ups FY 2019 revenues ahead of guidance (+43-45% vs +38-43% prev); narrows adjusted Ebitda margin target (9.25-9.75% from 9-10%), after four-month sales +44%.
Provident Financial expects 2018 profits towards the lower end of £151-166m market expectations after Vanquis Bank impairments modestly higher than expected because of continued increase in use of payment arrangements from enhanced forbearance measures.
Spirent Communications expects to exceed market profit expectations for financial year 2018; adjusted operating profit of $75-77m up circa 30%.
Flybe unable to meet conditions for secured £20m bridge facility from Connect Airways (JV of Virgin Atlantic, Stobart, Cyrus); board agrees £2.8m sale (up from £2.2m) to secure revised Bridge Facility of up to £20m (£10m released today) and commitment of £80m further funding.
(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 |
| RIO TINTO | RIO | -0.6% | 0.1% | -1.6% |
| ANGLO AMERICAN | AAL | -1.4% | -0.3% | -2.2% |
| BHP GROUP | BHP | -1.3% | -0.6% | -2.0% |
| ACACIA MINING | ACA | -2.4% | -0.1% | -3.9% |
| DECHRA PHARMACEUTICALS | DPH | 4.8% | 5.2% | 1.1% |
| PAGEGROUP | PAGE | -6.6% | -1.3% | -8.0% |
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Prepared by Michael van Dulken, Head of Research