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
UK Index Miners could be sensitive to poor overnight economic data out of China, where GDP growth and Industrial Production missed expectations.
InterContinental Hotels Q3 net system size growth +5.1% YoY (to 826K rooms), global revenue per available room +1% YoY (Q3 RevPAR +2.7% YTD). US Q3 RevPAR -0.5% due to hurricanes hitting demand. Announced $500m in special dividend to be paid in Q1 2019. Trading in-line and company is confident in the outlook for the remainder of the year.
London Stock Exchange Q3 like-for-like organic revenue +8% YoY, total income +10%. Information systems +9%, post trade +15%, capital markets +2%. LSE increased its stake in LCH clearing house to over 80% (purchasing 15.1% of shares for £384m), funded by mix of cash and debt.
INTU Properties confirms it received a 215p/share revised cash takeover proposal from consortium of Peel Group, Olayan and Brookfield Property (improved from 205p/share offered on 11 Oct). To account for dividends paid, revised indicative proposal would be 210.4p/share.
(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 |
| UNILEVER | ULVR | -1.4% | -0.4% | -2.9% |
| GVC HOLDINGS | GVC | 2.2% | 3.4% | 0.1% |
| RENTOKIL INITIAL | RTO | 2.5% | 6.5% | 2.2% |
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Prepared by Michael van Dulken, Head of Research