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Movers & Shakers - 17 October 2018

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

Prior day's Movers & Shakers:

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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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
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