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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
Ashtead Group PLC (AHT.L) – Reported a 17% increase in full-year underlying pretax profit supported by North America region growth. Underlying pretax profit hit £927.3, up from £793.4m for the year ended April 30. Underlying rental revenue rose 21% to £3.42bn. Closing price 2371.40p (Reuters)
Ferguson PLC (FRG.L) - Ongoing revenue climbed 10.2% ahead of 2017, including 7.1% organic growth. Gross margin of the ongoing business was 29.3%, marginally up on last year. Ongoing trading profit of $356m was 17.1% ahead y-o-y. Sale of Stark Group was completed on 29 March 2018 for approximately $1.2bn. Closing price 5888.00p (Dow Jones Newswires)
McCarthy & Stone Group PLC (MCS.L) – Has warned on profit to be lower between 16-32% after less favourable conditions and noticeable decline in reservation rates, a slower secondary market and a softening of pricing, particularly in the South East. Group is now forecasting to achieve 2,100-2,300 completions less than in 2017. Closing price 130.73p (Dow Jones Newswires)
Debenhams PLC (DEB.LN) – Now expects its pretax profit to miss market consensus by as much at 30% as trading in June and in May was off target, due in part to increased competitor discounting and weakness in key markets. The pretax profit in the range of £35m-£40m compared with a market consensus forecast of £50.3m. Closing price 19.52p (Dow Jones Newswires)
(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
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