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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
Marks & Spencer (MKS.L) - Reported a worse than expected fall in quarterly underlying sales of clothing and home products which fell 8.9%, missing expectations reflecting a weak market, price cuts, fewer promotions. Analysts' forecasted a 5-8% drop and a decline of 2.7% in Q4. Closing price 294.10p (Reuters)
Bovis Homes (BVS.L) – Said it will continue with current strategy. Although there is still a healthy level of interest in its sites, it was too soon to assess the impact of the Brexit vote on the housing market as it reported its reservation rate, where buyers pay a fee to take a property off the market, was flat in H1. Closing price 627.00p (Reuters)
Sports Direct (SPD.L) - Posted a worse-than-expected 15% drop in annual profit on Thursday, generating £361.8m vs expected guidance of £380m, blaming tough conditions on the high street, negative publicity about its working practices, uncertainty of Brexit towards consumer confidence and value of sterling to the list. Closing price 278.90p (Reuters)
Associated British Foods (ABF.L) - Upgraded its earnings guidance, reversing a previous forecast for a decline this stating they no longer expected a marginal decline, after being buoyed by an improvement in its sugar business and the weaker pound in Q3. Closing price 2553.00p (Reuters)
Fresnillo (FRES.L), Randgold Resources (RRS.L), Hochschild Mining (HOC.L), Centamin (CEY.L) – With heightened volatility in markets and uncertainty surrounding the implications of Brexit, precious metal miners have been some of the best performers year to date and in the trading sessions post the EU Referendum. Closing prices 2008.00p, 9715.00p, 165.80p, 230.50p, (Reuters / Accendo Markets)
For more information on any of these individual news items, call into the trading floor
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