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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
IQE (IQE.L) – BRIEF – Recorded full year revenue £154.5m against £132.7m 16% higher year on year, adjusted profit before tax came in at £24.3m against £20.6m 18% higher y-o-y. Also a 29% increase in cash generation. Closing price 142.76p (Reuters)
Bellway (BWY.L) – Stated that investment in land and “substantial order book” of £1.52bn will help it reach full year completion target, 4,741 completions in H2 of 2017 which was 6.3% higher and it also increased its dividend by 28%, earnings per share was also 17% higher. Closing price 3062.00p (Bloomberg)
EnQuest (ENQ.L) – Reported 2017 core profit of $303.6m, slightly beating analysts' expectations. Focusing on reducing its debt of around $2bn helped by the ramp-up at its Kraken field. Analysts had expected earnings of $296.26, 37% lower than in 2016. The groups focus is on reducing capital expenditure and cost control. Closing price 31.58p (Reuters)
Ocado (OCDO.L) – Recorded quarterly retail revenue growth of 11.7% to £363.4m that met its latest guidance, although the figures were lower against 2016-2017 growth trade. Also in the final week of the latest period, sales were was dented by wintry weather. Closing price 574.20p (Reuters)
De La Rue: profits warning (expected at lower end of range) and CFO steps down
(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
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