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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
Imperial Brands (IMB.L) – Said net revenue in its tobacco business was £3.7bn, up 9.3%. However, excluding the impact of exchange rates, revenue fell 5.5%. Total adjusted operating profit was £1.7bn, up 6.3%. Excluding impact of exchange rates, it was down 7.6%. Closing Price 3763p (Reuters)
ITV (ITV.L) – Chief Executive Adam Crozier is stepping down after seven years in the role. Finance Director Ian Griffiths would lead the executive team until it appoints a successor, helped by chairman Peter Bazalgette, who will become executive chairman during that time. Closing Price 211.50p (Reuters)
Paddy Power Betfair (PPB.L) – Q1 revenue up 23% to £416m. Growth driven by sports, with sportsbook stakes up 18% and margins up 1.3ppts. Underlying EBITDA up 87% to £111m and underlying operating profit up 114% to £91m. Revenue growth, annualisation of merger-related cost savings and continued focus on operating efficiency resulted in doubling of operating profit. Closing Price 8775p (Reuters)
Sainsbury’s (SBRY.L) - Reported a third straight year of underlying profit decline, despite the boost to earnings from last year's purchase of Argos. Underlying pretax profit of £581m in the year to March 11. That was ahead of analysts' average forecast of £578m but down from £587m made in 2015-16. Closing Price 279.50p (Reuters)
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