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
BT: The Mail on Sunday says BT has brought in advisers to ward off a potential takeover by Deutsche Telekom before an end-Jan “no stake increase” deadline expires.
Smith & Nephew says trading in-line with FY 2018 guidance (Results 7 Feb). Presents today at JP Morgan Healthcare Conf in San Francisco.
Morrisons is cutting prices on almost 1,000 products by an average 20% to compete with discount chains Aldi/Lidl, with the cuts expected to hold for 12 weeks.
Ophir Energy says notified by Equatorial Guinea Ministry of Mines and Hydrocarbons that Block R Licence, containing Fortuna gas discovery, will not be extended following 31 Dec expiry.
Dunelm Q2 like-for-like revenues +9% YoY (stores +5.7%, online +37.9%). Gross margin +190bps. Sees H1’19 pre-tax profit of £70m (+16.6%) after £3.8m Fogarty impairment charge. Cautious FY outlook on Brexit uncertainty; expects FY pre-tax profit “modestly” ahead of top range of consensus.
(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 |
| ASTRAZENECA | AZN | 3.2% | 3.2% | 0.7% |
| BHP | BHP | 2.3% | 2.3% | -1.6% |
| GLENCORE | GLEN | 0.6% | 1.1% | -3.5% |
| RIO TINTO | RIO | 2.8% | 3.3% | -0.2% |
| ANGLO AMERICAN | AAL | 2.7% | 3.1% | -0.5% |
| BARRATT DEVELOPMENTS | BDEV | 2.4% | 2.7% | 1.0% |
| TAYLOR WIMPEY | TW/ | 2.6% | 3.3% | 1.0% |
| BERKELEY GROUP | BKG | 2.6% | 3.7% | 1.2% |
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Prepared by Michael van Dulken, Head of Research