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Movers & Shakers - 28 September 2018

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

easyJet (EZJ) - FY pre-tax profit expected in upper half of guidance; passengers +5.4%, capacity +4.2%, load +1pt, costs +3.8%, rev per seat +6.5% (excl. Tagel); expects FY19 capacity +10% (half Tagel/H1 weighted), expects H1 rev per seat down low to mid-single digits; FY19 costs (ex-fuel) seen flat, but fuel bill +25%. Closing price: 1,325.5p (Source: Company newswires)

United Utilities (UU) trading in-line after exceptional water demand following prolonged hot weather. Expects to invest £80m (£40m capex, £40m expenses). Expects higher H1 revenue and profits if new tariff proposals approved by Ofwat. Closing price: 693.2p (Source: Company newswires)

RSA Insurance (RSA) -  reports disappointing Q3 results (international strong, but UK made underwriting loss of ~£70m due to lower premiums).  Net Written premiums +1% YoY net of re-insurance changes (-2% headline). 9-month pre-tax profit lower due to higher weather costs. Closing price: 634p (Source: Company newswires)

Serco (SRP) expects FY results ahead of market consensus (revenues at top end, profits 12-18% above, debt at lower end). Closing price: 88.3p (Source: Company 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

Prior day's Movers & Shakers:

Stock Code Close High Low
BP BP/ 1.1% 1.4% 0.3%
HALMA HLMA 3.5% 3.7% 0.4%
TUI TUI 5.9% 6.5% 3.4%
SSE SSE 1.6% 1.9% 0.0%
CENTRICA CNA 4.2% 4.7% 1.4%
ASOS ASC -1.8% -1.4% -2.6%
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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Prepared by Michael van Dulken, Head of Research
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