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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
Tesco (TSCO) – Beat analysts forecast for Christmas like-for-like sales down only 1.5% with expectations of a 2-3% fall for Q3. Its trading in line with profit expectations for the full year. Full year sales up 1.3%. Closing price 158.00p (Reuters)
Home Retail (HOME) - Reported a worse-then-expected 2.2% drop in like-for-like sales at its biggest chain Argos, hours after its said it was in advanced talks to sell its Homebase chain for £340m. Analysts had expected like-for-like sales at Argos to rise by 0.3% in the 18th weeks to 2nd January. Home Retail was subject to a failed bid by Sainsbury’s last week. Closing price 149.4p. (Reuters)
Associated British Foods (ABF) - Said total sales at its Primark stores were up 7% in the four months leading up to Christmas. Helped by new store openings in Spain and the US. It had, however, been impacted by unseasonably warm weather with shops open more than a year posting weaker sales. Closing price 3041.00p (Reuters)
JD Sports (JD.)- JD Sports sees FY headline pretax profit before items ahead of market expectations. Taken decision not to continue with a project to replace group's core systems. Expect there will be some writedown in carrying value of intangible assets once our year end review has been completed. Trading in critical Christmas period has remained very positive overall. Closing price 1058p. (Reuters)
William Hill Plc (WMH) - Reported 2015 operating profit of £290m in line with market expectations. Its head of its online operations Andrew Lee is leaving the company in 2016. He follows the exit of Finance Director Neil Cooper, who left last year. Closing price 369.00p (Reuters)
Burberry (BRBY) - Posted a 1% rise in third-quarter sales on Thursday buoyed by growth in China but said the outlook for the luxury sector remained uncertain. Said the mainland China market had returned to growth but performance was weighed by Hong Kong and Macau. Like-for-like sales were unchanged year on year, an improvement from a 4% fall in the second quarter. Closing price 112p. (Reuters)
ASOS (ASOS) - Reported a recovery in international sales growth. Total retail sales rose 22% in the four months ended Dec. 31, with UK sales up 25% and international sales up 20%, compared with growth of 27% percent and 11% respectively for 2014/15. Closing price 3180.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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