This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
The below stocks have been identified as having potential to register bigger than normal share price moves (up or down) today based on the news cited
BHP Billiton (BLT) – 2018 Iron ore output +8%. Q4 production topped expectations and set a higher target for the current year. Petroleum, copper and coal met and exceeded expectations, shares in Asia climbed 3%. Closing price 1626.00p (Reuters)
Unilever (ULVR) – Eyeing beauty chain Space NK. Manzanita Capital is said to be in advanced talks to sell with the Evening Standard reporting yet not disclosing the source of the information. Closing price 4180.00p (Bloomberg)
Easy Jet (EZJ) – Increased its FY profit guidance (£550-590m vs £530-580m) after passenger numbers +9.3% despite disruption; now expects H2 revs per seat (at constant FX) up low-to-mid-single digits vs. “slightly positive” disclosed in May. Revenue per seat was 4.8% higher. Its load factor for Q3 was 93.4% up 0.3%. Closing price 1662.00p (Bloomberg)
Ryan Air (RYA) – Plans to cancel just 1% of its flights during a Friday strike by Ireland-based pilots, however it may have to deal with far wider industrial action across five countries next week. Closing price 16.06c (Reuters)
GVC Holdings (GVC) – Reported Q2 net gaming revenue +11% after the World Cup saw better than expected gross win margin, volumes and value of new customer deposits. UK retail revenue +2%, online gaming +22%. Closing price 1107.00p (Bloomberg)
Smiths Group (SMIN) – Profits warning on Medical division, as some products are suspended ahead of new EU 2020 regulations. FY revenue +3%, reflecting anticipated acceleration H2 growth rate. Closing price 1749.00p (Dow Jones Newswires)
(Sources: Company newswires, Bloomberg, CNBC, FT, Reuters, Wall Street Journal)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| RIO TINTO | RIO | 1.7% | 2.0% | -0.6% |
| ROYAL MAIL | RMG | 1.8% | 3.8% | -1.4% |
| MARKS & SPENCER | MKS | 0.9% | 1.0% | -0.2% |
| GALLIFORD TRY | GFRD | 4.0% | 6.8% | 1.0% |
| BRITISH LAND | BLND | -1.6% | -0.5% | -2.4% |
| TALKTALK | TALK | 8.0% | 11.8% | 1.4% |
| SSP | SSPG | 3.1% | 3.3% | -1.4% |
| DAIRY CREST | DCG | 3.3% | 5.5% | 0.3% |
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.
Prepared by Michael van Dulken, Head of Research