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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
BT Group PLC (BT.A), Vodafone Group PLC (VOD.L) - The U.K.’s communications regulator is planning to place limits on the amount of wireless spectrum BT Group Plc and Vodafone Group Plc can buy at a coming auction, in a long-awaited decision that risks being appealed. Closing prices 288.40p, 219.95p (Bloomberg)
Carillion Plc (CLLN.L) - Interim head Keith Cochrane said “no option is off the table” as the company seeks to recover from a record stock market plunge, weaker-than-expected profit growth and the resignation of its CEO. After cash flow deterioration and dividend payments suspension, the company will undertake a “comprehensive review” of the business and the capital structure. Closing price 117.10p (Bloomberg)
Marks & Spencer Group PLC (MKS.L) – Saw Q1 home & clothing comparable sales miss estimates, expectations of -1% came in weaker at -1.2%, with food sales also lower than expected at -1% where +0.6% was forecast. Closing price 339.00p (Bloomberg News)
Pearson (PSON.L) – Generated a total $1bn by selling a 22% stake in Penguin Random House to Bertelsmann, reducing net debt. Announces £300m return of surplus capital to shareholders through a share buy-back scheme. A sustainable progressive dividend to shareholders is to be announced in August. Closing price 690.50p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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