This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
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
UK Utilities (CNA, NG., SSE) - UK energy providers will be subject to a 'significantly lower range of returns' as a result of an Ofgem review into price controls and potential consumer savings.
Legal & General (LGEN) - The insurer announces FY operating profits increased by 32% (continuing operations up 12%) thanks to slowing improvement in life expectancy and one-off benefits from reserves payments and US tax reform. Management has raised the dividend by 7%, while assets at is Investment Management arm rise by 10%.
NMC Health (NMC) - The Middle Eastern health chain announces FY revenues improve 31.3%, while EBITDA increased by 43.3% and adjusted net profit up 43.2%. The company expects another successful year in 2018, despite the challenging environment, and has backed this up with a 22.6% dividend hike.
Paddy Power Betfair (PPB) - The betting chain announces FY revenues up 13% and EBITDA up 18% (above guidance). EPS increases 20% and free cash flow rises by 57%, allowing a 21% dividend increase. However, the business notes that recent sporting results favouring bookies has reduced customer activity.
Rolls-Royce (RR.) - The engineer announced it will take a £340m hit as a result of engine issues on the Boeing 787 aircraft. While FY underlying organic revenues improved 6%, and pre-tax profit up 25%, management have left the dividend flat as it expects 2018 mid single-digit revenue growth, however expects higher operating profits and free cash flow thanks to restructuring. The 787 engine issues are expected to be fixed by 2020.
(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 |
| ASHTEAD GROUP | AHT | -5.5% | -1.2% | -7.3% |
| GKN | GKN | -1.1% | 3.0% | -1.1% |
| JUST EAT | JE/ | -12.6% | -6.3% | -14.9% |
| SMURFIT KAPPA GROUP | SKG | 19.7% | 23.6% | 16.9% |
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