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
ASOS cuts FY sales guidance (+15% vs +20/25% prev.) after significant deterioration in November; Gross Retail margin seen -160bps, EBIT margin 2% (vs 4%). Conditions remain challenging. Plans to reduce capex to c. £200m from (vs medium term spend of £230-250m per annum).
Just Eat is under attack from activist investors Cat Rock (owns 2%) asking for new 3yr plan within 30 days and management pay linked to profit not revenue growth. Urges strategic review of non-core assets including possible sale of Brazilian iFood.
SSE cancels merger of services business with Innogy’s npower; will consider other options incl. standalone demerger or sale.
BHP completes $5.2bn off-market buy back (5% of capital) at 15% discount to Friday’s closing price and announces $1.02 special dividend (ex-div 10 Jan).
(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 |
| BRITISH AMERICAN TOBACCO | BATS | -2.9% | -1.8% | -4.1% |
| VODAFONE | VOD | -1.5% | -1.5% | -3.3% |
| BT | BT/A | -0.1% | 0.4% | -2.8% |
| TALKTALK | TALK | 0.1% | 1.4% | -0.8% |
| TELECOM PLUS | TEP | 0.3% | 1.6% | -1.6% |
| GLENCORE | GLEN | -0.7% | -0.2% | -2.3% |
| BALFOUR BEATTY | BBY | 3.0% | 4.1% | 1.0% |
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Prepared by Michael van Dulken, Head of Research