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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 Q3 copper production +1% YoY (-12% QoQ due to maintenance operations), iron ore +10%, metallurgical coal -2%, energy coal -1%, conventional oil -1%. FY production guidance unchanged for oil, iron ore and coal, but reduced by 3% for copper due to plant outages.
Barratt Developments reports good market conditions with strong customer demand and confident in good FY performance. Maintains intention to increase volumes by 3-5% p.a. Total sales +12.4% YoY, with private -5% YoY, affordable +44%, wholly owned +8%.
Crest Nicholson warned on lower FY pre-tax profit (down to £170-190m range) and profit margins due to market environment in London and South of England being more difficult than previously anticipated.
Pearson says it is on track to meet FY expectations, total revenues flat due to declines in US education. North America sales flat YoY, core +2%, growth -4%. Reiterates FY £520-560m profit guidance and plan to deliver £300m in annual cost savings starting end of 2019.
ASOS FY like-for-like revenue +24% YoY, UK sales +23%, international retail +24%, pre-tax profit +28%, gross margin +130bps. FY 2019 guidance unchanged.
(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 |
BHP BILLITON | BLT | 0.8% | 1.1% | -0.8% |
RIO TINTO | RIO | 1.7% | 2.0% | 0.3% |
BRITISH AMERICAN TOBACCO | BATS | -2.9% | 1.9% | -3.1% |
BELLWAY | BWY | 0.5% | 0.9% | -2.7% |
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Prepared by Michael van Dulken, Head of Research