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
Admiral Group PLC3,200.00 GBX-0.22
Balfour Beatty PLC314.40 GBX1.29
Barnes Group Inc50.77 USD0.20
Belvoir Group PLC208.50 GBX-0.71
BT Group PLC154.35 GBX2.52
Countrywide PLC  
Forterra PLC295.00 GBX0.00
Foxtons Group PLC66.00 GBX0.00
Hill & Smith Holdings PLC1,480.00 GBX1.37
Ibstock PLC230.40 GBX0.17
IP Group PLC134.40 GBX0.75
Kier Group PLC90.10 GBX3.56
LSL Property Services PLC326.00 GBX2.52
MJ Gleeson PLC870.00 GBX0.23
NatWest Group PLC199.55 GBX2.73
Renew Holdings PLC598.00 GBX2.75
Spirent Communications PLC243.40 GBX-0.41
St Modwen Properties PLC420.00 GBX0.00
TalkTalk Telecom Group PLC  

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