Autumn Statement: Stock Winners and Losers

Brick makers, infrastructure companies, telecoms firms and estate agents all feel the impact of Philip Hammond's Autumn Statement

External Writer 23 November, 2016 | 2:40PM

Morningstar's "Perspectives" series features investment insights from third-party contributors. Here, Russ Mould, investment director at AJ Bell predicts the shares that will move as a result of the Autumn Statement. 

A projected total spend of around £10 billion on broadband, roads, railways, homes and innovation may sound like a lot – but compared to the UK economy of some £1.8 trillion is unlikely to provide a major lift to growth.

However, brick makers such as Ibstock (IBST) and Forterra (FORT) are likely to welcome the plan to spend £1.4 billion to deliver 40,000 affordable homes, above and beyond the £3 billion housing fund that has already been announced with a plan to “get Britain building”. The focus on affordable homes may be of less use to the large quoted housebuilders as average selling prices tend to be lower here. Property developers like MJ Gleeson (GLE), St Modwen (SMP) and Henry Boot (BHY) may also benefit as new sites are sought for fresh housing developments.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AA PLC39.50 GBX2.60
Admiral Group PLC2,688.00 GBX-0.04
Balfour Beatty PLC231.20 GBX-5.63
Barnes Group Inc40.94 USD-0.07
Belvoir Lettings PLC141.50 GBX0.00
BT Group PLC108.05 GBX0.05
Countrywide PLC131.00 GBX-1.06
Forterra PLC165.60 GBX-2.59
Foxtons Group PLC35.50 GBX-6.58
Hill & Smith Holdings PLC1,334.00 GBX1.06
Ibstock PLC164.10 GBX-3.13
IP Group PLC74.60 GBX-0.80
Kier Group PLC62.00 GBX-1.27
LSL Property Services PLC210.00 GBX3.45
MJ Gleeson PLC624.00 GBX-0.95
Renew Holdings PLC443.00 GBX2.19
Spirent Communications PLC288.50 GBX-0.69
St Modwen Properties PLC315.00 GBX1.45
TalkTalk Telecom Group PLC77.50 GBX-0.70
The Royal Bank of Scotland Group PLC115.75 GBX0.87

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