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
SKY (SKY.L) – The FT reports that Fox is preparing a revised higher bid for Sky in order to both satisfy investor pressure and outbid rival Comcast. Closing price 1468.50p (FT)
Ocado (OCDO.L) – H1 Retail revenues +11.7% vs 10-15% consensus, Group revenues +12.1%; Retail EBITDA +0.7%, Group EBITDA -13.9%, Group PBT swings to loss; net cash after equity raise. Confident in 10-15% FY retail revenue growth and £210m CAPEX but EBITDA (Retail & Solutions) to reflect higher costs/investment, albeit improving significantly in H2. Closing price 1011.50p (DowJones)
Softcat (SCT.L) – Company says performance since end-May has been exceptional, market conditions favourable, growth accelerated; Expects 2018 operating profits materially ahead of prior expectations. Closing price 711p (DowJones)
TP ICAP (TCAP.L) – CEO left with immediate effect. Company also reports H1 -2% YoY (+3% at constant FX), in-line with March guidance (unchanged); cost headwinds to hit profits; EPS seen slightly below consensus; annual synergy targets cut by 25%. Closing price 420.20p (DowJones)
Kier (KIE.L) – Underlying profit and earnings forecast in-line with expectations, higher net debt due to winter weather; secures 3yr extensions on Highways England Areas 3 and 9 contracts; total value c.£250m/year. Closing price 935p (DowJones)
(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 |
| INMARSAT | ISAT | 7.2% | 7.2% | -1.8% |
| BP | BP/ | 0.9% | 1.2% | -1.1% |
| CENTAMIN | CEY | -3.3% | 1.1% | -8.0% |
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Prepared by Michael van Dulken, Head of Research