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Movers & Shakers - 10 January 2017

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

Boohoo (BOO.L) – Now expects revenue growth for the 12 months ended Feb. 28 to be between 43%-45%, up from previous guidance of between 38%-42%. Closing Price 143.50p (Reuters)

Gocompare.Com Group (GOCO.L) – Reported a 19% jump in full-year revenue to about £142m and said it had started 2017 from a "position of confidence”. Closing Price 67.75p (Reuters)

Majestic Wine (WINE.L) – Said group sales in the Christmas period rose 15.3%, aided by a strong performance in its retail and Naked Wine businesses. Closing Price 324p (Reuters)

Morrisons  (MRW.L) –  Beat forecasts with its strongest underlying sales performance for seven years over the key Christmas period. LFL sales excluding fuel were up 2.9% against an estimated +1.1% and now sees its FY underlying pretax profit to be ahead of consensus, in the range of £330m to £340m, better than the consensus of £326m. Closing price 237.40p (Bloomberg)

 

 

 

For more information on any of these individual news items, call into the trading floor

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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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