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
Marks & Spencer Q2 Food sales -2.7% like-for-like (Q1 -3.1%), Clothing & Home -1.6% (Q1 -0.6%); Total UK sales -2.3% (-2.2% in Q1). Online +5% (Q1 +6.3%). Adj. pre-tax profit +2%; 6.8p div flat. Expect little improvement in sales trajectory with challenging trading and strong online/discounter headwinds. CAPEX cut, Clothing & Home space -4% (5% prev). Other guidance unchanged.
ITV 9M revenues +5% (Broadcast & Online +2%, Studios +10%). Ads +2% (online +43%), non-ads +9%. Trading in-line. FY studios organic growth expected +3% after programme pipeline shifts. Q4 ad forecast -3% due to uncertain environment (Oct -3%, Nov +2%, Dec -6% to -8%), FY seen flat.
Persimmon CEO to step down, successor search begun. Autumn activity in-line with seasonality. Private sales +3% since H1 results; Outlet network +5%. £987m forward sales +9%. Prices firm, despite Brexit, financing supportive. Investing in own ultrafast broadband (Fibrenest).
Wizz Air H1 passengers +20% (load factor +0.8pts), revenues +20%, EBITDAR +2.7%, profit +1.2% (Q2: +5.1%). H2 capacity growth lowered to +14% (from +18%) after H1 fuel price rise. Warns of lower FY net profit in €270-300m range (down from €310-340m) after €80m fuel headwinds.
Wetherspoon; Q1 sales +6.2%, like-for-like +5.5%; increasing staff pay this week; expect FY19 trading outcome slightly below FY18.
(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 |
| ASSOCIATED BRITISH FOODS | ABF | 0.3% | 1.0% | -2.4% |
| EASYJET | EZJ | -3.2% | -0.3% | -3.3% |
| IMPERIAL BRANDS | IMB | 1.1% | 5.0% | -2.0% |
| WM MORRISON | MRW | -4.1% | -3.5% | -6.7% |
| RANDGOLD RESOURCES | RRS | -0.6% | 2.0% | -1.3% |
| WILLIAM HILL | WMH | -9.2% | -5.1% | -12.1% |
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Prepared by Michael van Dulken, Head of Research