A big faller among blue-chip shares today is Wolseley plc (LON:WOS). Its full year EPS missed expectations and this has caused its shares to decline by 3.4% at the time of writing. Wolseley plans to close 80 distribution centres, cut its staff numbers by 800 and save £30 million per year.
Thomas Cook Group plc (LON:TCG) reaffirmed its full year guidance today despite a fall in summer bookings. Bookings to Turkey were shunned by holidaymakers in favour of perceived lower risk destinations. Overall, bookings fell by 4% in the summer, although with Turkey excluded they increased by 8%.
In economic news, sterling strengthened slightly versus the dollar today. It is trading at £1/$1.30 at the time of writing. Global stock markets are firmer than yesterday following last night’s US Presidential debate.
Notable gainers include Diageo plc (LON:DGE), Unilever plc (LON:ULVR) and British American Tobacco plc (LON:BATS). Diageo is up 0.8%, Unilever is 1.3% higher and British American Tobacco has moved 1.1% higher so far today.
The author owns Unilever, Diageo and British American Tobacco at the time of writing.