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Movers & Shakers - 19 January 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

Aviva (AV.) - The UK 100 insurer and investor completes sale of Taiwan joint-venture First Aviva Life to partner.

Carpetright (CPR) - The carpet seller has lowered its year-end guidance after a significant deterioration in its UK business over the important period after Christmas. Sales fell 2.3% over the Christmas period, accelerating to 7.1% after the 25th Dec, leading to a significant reduction in FY expectations.

Dignity (DTG) - The funeral service provider expects FY17 results in-line, but provides a FY18 profits warning due to continued acceleration of price competition in the industry. The company notes customers are increasingly price-conscious, while the industry has become over-supplied.

eSure (ESUR) - The insurer's CEO Stuart Vann is stepping down with immediate effect, claiming the company's long-term strategy is best achieved through new leadership. Darren Ogden, CFO, to become interim CEO. FY gross written premiums +25%, while pre-tax profit +30%. The company started 2018 positively, with trading in line.

 

(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
ASSOCIATED BRITISH FOODS  ABF -3.6% 0.2% -4.1%
BHP BILLITON  BLT -0.7% 0.4% -1.7%
EXPERIAN  EXPN -1.0% 1.7% -1.5%
ROYAL MAIL  RMG -0.9% -0.2% -2.7%
WHITBREAD  WTB 1.1% 1.9% -2.7%
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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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