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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
BT Group PLC (BT.A.L) – Cut 13,000 jobs in managerial and back-office to reduce its pension deficit. Maintained its dividend, in the latest restructuring. The group reported a 3% drop in Q4 revenue to £5.967bn, missing analysts' expectations, while core earnings came in at £2.083bn up 1%. Closing price 238.25p (Bloomberg / Reuters)
Royal Bank of Scotland PLC (RBS.L) – Has reached a settlement with the US DoJ to resolve its investigation into RBS's issuance and underwriting of US residential mortgage-backed securities between 2005 and 2007, agreeing to pay a cash penalty of $4.9bn / £3.6bn. $3.46bn will be covered by existing provisions with an incremental charge of $1.44bn in Q2 2018. Closing price 276.38p (Reuters)
Next PLC (NXT.L) – Has increased its pretax profit forecast for the full year to £717m from £705m, an increase of 1.7% with Q1 total brand sales change up+6% against estimates of +2.7%. Retail sales change was also better than expected, and online sales climbed +18%. Closing price 5258.00p (Bloomberg)
ITV PLC (ITV.L) – Saw its Q1 total external revenue rises 5% to £772m with its NAR (net advertisement revenue) to be ‘broadly flat’ over H1 of 2018 lower than expectations. Online revenues climb 3% to £526m with studio revenues up 11% to £382m. A lack of dividend focus. Closing price 151.30p (Bloomberg)
RSA Insurance PLC (RSA.L) - Posted a 2% rise in net written premiums in Q1 to £1.5bn, helped by a shift in customer focus, however poor weather hurt profits saying that underlying profits were lower than a year earlier due to "elevated winter weather costs". Closing price 637.00p (Reuters)
Morrisons PLC (MRW.L) - Said its group like-for-like sales, excluding fuel, rose 3.6% in its Q1 beating analysts' average forecast of 2.8% and marked a tenth straight quarter of growth, following growth of 2.8% Q-o-Q. Closing price 246.05p (Reuters)
Superdry PLC(SDRY.L) – Global brand revenue increased 22.1% to £1.6bn in Fy18, driven by continued strong statutory revenue growth in key strategic channels of wholesale +29.6% Year-on-year and ecommerce business +25.8% Year-on-year, pointing to a further year of double- digit profit growth. Closing price 1554.00p (Reuters)
Rolls-Royce Holdings PLC (RR.L) - CEO Simon Kirby will leave the company in June as the British manufacturer looks to streamline its business. Closing price 831.80p (Reuters)
(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 |
| BURBERRY | BRBY | 0.5% | -4.6% | -7.3% |
| TUI | TUI | 1.4% | 1.3% | -1.0% |
| COMPASS GROUP | CPG | 1.5% | -0.4% | -5.3% |
| G4S | GFS | 0.2% | -0.1% | -4.6% |
| VODAFONE | VOD | -1.4% | 1.0% | -1.2% |
| RENISHAW | RSW | 1.5% | 17.5% | 4.1% |
| IMPERIAL BRANDS | IMB | 0.7% | 7.8% | 2.6% |
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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