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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
Pearson FY underlying revenue -1% (miss), adj. op. profit +8% (in-line/slight beat), op. cash flow -23.3%. Final div +8.3%. Forecasts 2019 £590-640m op. profit, above consensus. £130m cost savings and £102m restructuring costs ahead of plan. Expects sales to stabilise in 2019 growing again in 2020. Signs £500m pension insurance deal with Legal & General.
Centrica renews £2.4B revolving credit facilities with 21 banks with initial 2024 maturity (max 2026), replacing those expiring 2021.
Vodafone Italia and Telecom Italia intend to enter network sharing partnership for both 4G and 5G, extending passive sharing, potentially including active sharing; weighing merger of 22K towers.
Dairy Crest agrees to 620p/share acquisition by Saputo Dairy, representing a 11.7% premium.
Metro Bank awarded £120m in funding by Banking Competition Remedies (BCR), an RBS incentivised switching scheme, to fund UK SME lending. Peer CYBG did not received a grant.
(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 |
| BARCLAYS | BARC | 1.1% | 6.1% | 0.6% |
| JUST EAT | JE/ | -3.4% | -0.2% | -5.9% |
| STANDARD CHARTERED | STAN | -0.4% | 2.1% | -0.9% |
| ANGLO AMERICAN | AAL | 1.8% | 4.1% | 1.3% |
| BAE SYSTEMS | BA/ | -9.1% | -4.3% | -10.2% |
| CENTRICA | CNA | -12.7% | -7.8% | -14.6% |
| KAZ MINERALS | KAZ | 0.8% | 4.2% | -0.6% |
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Prepared by Michael van Dulken, Head of Research