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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
AB Foods FY revenues +1%, adj. op profit £1.4bn beats £1.39bn est.; adj. EPS 134.9p (+6%) beats 132.9p est; dividend +10%; Expects further Primark expansion; higher Grocery margins; Sugar profits significantly lower; 2019 adj earnings seen in-line with 2018.
easyJet submits revised expression of interest for a restructured Alitalia. Oct passengers +14.1% YoY, load -2pts to 92.5%; 12 months +10.6%, load -0.1pts to 92.7%.
Imperial Brands FY like-for-like Tobacco/NGP net revenue +2.1%, adj. op. profit +1.9%, net debt -5.5%, dividend +10%. Expects 2019 revenue “at or above” upper end of 1-4% range; Backs med-term EPS +4-8%. £100m higher H1 investment in NGP to lower op. profit (offset in H2). NGP to contribute to profit by end 2019. Divestment program on track to deliver up to £2bn proceeds.
Morrisons Q3 like-for-like sales ex-fuel +5.6% QoQ (Retail +1.3%, Wholesale +4.3%), easing versus +6.3% in Q2. Like for like transactions +0.2%, items per basket -1.5%.
Randgold Resources Q3 profits +25% QoQ (+21% YoY) thanks to cash costs -16%/-12% offsetting sales -9%/-3.5%; forecasts production at bottom of guidance range and cash costs at top of range provided at beginning of year. CAPEX expected slightly higher than original guidance.
William Hill Online net revenues H2 to date -5%, Retail -4%, US +6%; Year to date +4%, -4% and +29%, respectively. Profits hit by regulatory and tax changes. Full-year op profit expected £225-245m, assuming normalised gross win margins for remainder of year.
(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 |
| SCHRODERS | SDR | -1.5% | 0.0% | -1.9% |
| MICRO FOCUS | MCRO | 1.7% | 6.5% | 0.2% |
| HISCOX | HSX | -5.4% | -4.0% | -7.6% |
| LLOYDS BANKING | LLOY | -0.5% | 1.5% | -0.5% |
| BARCLAYS | BARC | -0.4% | 0.6% | -0.4% |
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Prepared by Michael van Dulken, Head of Research