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 is said to be one of the potential bidders for Bluewater, a Gulf of Mexico-focused oil-exploration company valued at c. $1.5-2bn, according to Bloomberg report. Separately, Australian bank Macquarie says BHP could miss FY iron-ore shipment guidance after tropical cyclone Veronica forced closure of several key export ports.
SSE FY trading in-line, backs guidance for mid-single digit growth in Networks, a “significant” reduction in Wholesale and Business flat. Final divi +2.8%. Expects 64-69p adj. EPS and £1bn cash from disposals. Energy Services still profitable, but adj. op. margin seen lower this year (2-3% vs. 6.8% prev.) due to Default Tariff Cap & less customers. Still assessing options.
Johnson Matthey hits two major milestones in commercialisation of eLNO (ultra-high energy battery cathode materials)’; site for construction of expandable commercial plant in Poland; signed 10yr lithium-containing raw materials supply agreement. Commercial production to begin 2021-22.
Gulf Keystone Petroleum full year revenues +45.3%, EBITDA +43%, net profit +466%, cash balance +84%, expects to be fully funded for all phases of Shaikan expansion. Production -10%, at upper end of guidance; Confirms future div policy.
Mitie expects FY revenues +7-8% (+4% underlying), order book to decline c. 10%. Overall FY op. profit (est. £84-87m) expected lower due to unfavourable contract mix.
(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 |
| IMPERIAL BRANDS | IMB | 0.1% | 0.7% | -1.0% |
| BELLWAY | BWY | 3.5% | 4.7% | 0.6% |
| DIPLOMA | DPLM | -0.3% | 0.6% | -1.3% |
| SPORTS DIRECT | SPD | 1.3% | 4.6% | 1.3% |
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Prepared by Michael van Dulken, Head of Research