Stocks to watch for July 27: Wizz Air, BP, Deliveroo, Ultra Electronics, and Marks & Spencer

These stocks – Wizz Air Holdings Plc, BP Plc, Deliveroo Plc, Electronics Holdings Plc, and Logitech International – are likely to be in action on 27 July.

Wizz Air Holdings Plc (LON: WIZZ)

The low-cost airline company said on Monday that it faced operational disruptions for three days resulting from a cabin crew rostering issue that took place last week. The company, however, rejected its competitor Ryanair Holdings Plc’s (LON: RYA) claim that the disruptions were due to operational chaos.

The shares closed at GBX 4,620 on 26 July.

BP Plc (LON: BP.)

The British oil and gas company was fined £50,000 for a license condition breach in the North Sea by the Oil and Gas Authority (OGA). According to the OGA, BP did not report on the progress and results of two well tests conducted in the Vorlich field. BP has also been served a sanction notice.

The shares closed at GBX 292.25 on 26 July.

Deliveroo Plc (LON: ROO)

Deliveroo and Uber drivers launched a protest outside Uber’s UK office after several of them were dismissed from services through opaque processes and without any remedy for appeal. According to the drivers, the companies deactivated their accounts without any notice or explanation, thereby putting them out of job. Action taken was based on complaints by customers, which the drivers say are unfounded.

The shares closed at GBX 312.50 on 26 July.

Ultra Electronics Holdings Plc (LON: ULE)

The takeover of the defence supplier by private equity would be monitored by civil servants as ordered by the Business Secretary. The deal faces a national security review. Business Secretary Kwasi Kwarteng is reportedly actively interested in the £2.6 billion takeover bid by Advent and can order a review of the deal if it gets formalized.

The shares closed at GBX 3,110 on 26 July.

Marks & Spencer (LON: MKS)

The retailer is planning to launch clothing delivery services for the same day and a half day. This would take it ahead of competitors Next and Asos with regard to services. CEO Steve Rowe said that the plan would let shoppers choose evening dresses, lingerie, and school uniforms online, and those would be picked up and delivered from M&S stores.

The shares closed at GBX 142.65 on 26 July.

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