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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
Berkeley Group trading in-line with past 2 years. Reiterates updated 2019-21 pre-tax profit guidance (FY’19 c. +8%). Sees net cash in-line with H1 (c. £860m). Believes in long-term resilience of key markets despite short-term Brexit-related dislocations.
Restaurant Group FY revenue +1% (-2% like-for-like), adj. EBITDA -8.3%, adj. pre-tax profit -8.1%, free cash flow -30% after higher maintenance capex, net debt +8.6% after Wagamama takeover. Exceptional pre-tax charge of £39.2m (incl. £14.8m from M&A).
Wetherspoon H1 revs +7.1%, +6.3% like-for-like, op. profit -14.2%, pre-tax profit -10.5% (-18.9% pre-exceptional), free cash flow +95%, interim div flat; latest 6-week like-for-like sales +9.6% (good weather), labour costs rising; H2 costs to be higher vs last year; guidance unchanged.
PageGroup CEO Steve Ingham has had an accident skiing, resulting in a severe back injury. Likely absent for a number of weeks. C-Suite to be led by CFO Kelvin Stagg. Boohoo appoints John Lyttle (ex-Primark COO) as CEO with immediate effect.
QinetiQ won US Army’s $164m 7-year contract for small ground robots, including $20m Low Rate Initial Production contract over 1-2 years. Awarded $4m upfront.
(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 |
| SPORTS DIRECT | SPD | 4.1% | 5.4% | 0.7% |
| BALFOUR BEATTY | BBY | -0.8% | 1.1% | -1.9% |
| ONESAVINGS BANK | OSB | -0.8% | 2.0% | -1.5% |
| CAPITA | CPI | -2.0% | 5.1% | -5.6% |
| JUST GROUP | JUST | -12.6% | -9.8% | -19.1% |
| CINEWORLD | CINE | 4.0% | 7.9% | 1.2% |
| SAVILLS | SVS | -3.5% | -1.0% | -10.7% |
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Prepared by Michael van Dulken, Head of Research