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
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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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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Admiral Group PLC2,961.00 GBP0.00Rating
Balfour Beatty PLC238.60 GBP0.00
Barnes Group Inc45.81 USD0.00
Belvoir Group PLC278.00 GBP0.00
BT Group PLC168.60 GBP0.00Rating
Forterra PLC253.50 GBP0.00
Foxtons Group PLC41.00 GBP0.00
Hill & Smith Holdings PLC1,708.00 GBP0.00
Ibstock PLC197.90 GBP0.00
IP Group PLC114.20 GBP0.00
Kier Group PLC113.80 GBP0.00
LSL Property Services PLC400.00 GBP0.00
MJ Gleeson PLC718.00 GBP0.00
NatWest Group PLC216.80 GBP0.00Rating
Renew Holdings PLC808.00 GBP0.00
Spirent Communications PLC270.20 GBP0.00
St Modwen Properties PLC  

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