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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
Anglo American (AAL) – Is board had approved development of its Quellaveco copper project in Peru. It also announced an 11% y-o-y increase in H1 underlying earnings to $4.6bn beating analysts’ forecasts of £4.5bn. Closing price 1701.00p (Reuters)
AstraZeneca (AZN) – New drugs performed strongly in Q2 despite struggling with falling sales of cholesterol fighter Crestor due to competition. Total revenue climbed 2% to $5.16bn, core earnings per share which fell 21% to 69 cents, reflecting investment behind new product launches missing analysts’ forecasts of 71 cents. Guidance for full year unchanged. Closing price 5566.00p (Reuters)
Evraz (EVR.L) – Q2 crude steel output rose 3.9% Q-o-Q to 3.5mts due to higher pig iron production. Sales of finished products rose by 10.3% due to stronger domestic demand for construction and railway products, as well as improved market demand in North America, with Q3 output expected to be higher. Closing price 537.5p (Reuters)
Diageo (DGE) – Said higher sales and profits were achieved despite currency headwinds, with sales up 0.9% to £12.2bn and operating profit up 3.7% to £3.7bn. Closing price 2855.9p (Reuters)
Compass (CPG) - Operating margin falls, hurt by higher costs and "challenging" volumes in the UK. Organic revenue rose 5.1% in the nine months ended June 30, supported by strong growth in North America. Closing price 1641.6p (Reuters)
Smith & Nephew (SN) - Reiterated full-year guidance returning to growth after a difficult start to the year. Q2 revenue was up 2%, underlying revenue growth for the year was still expected to be 2-3%, after it cut its outlook in its previous trading statement. Closing price 1325.8p (Reuters)
Virgin Money (VM) – Saw underlying profit before tax climb 10% to £141.6m. New small to medium sized business franchise is et to deliver £500m in new deposits by year end. It expects to deliver on 2018 guidance and anticipates strong performance for full year. Closing price 389.27p (Reuters)
Renishaw (RSW) – Saw revenue rise 14% to £611.5m, and pretax profit climbs to £155m increasing y-o-y by 32%. Also expecting further growth in revenue and profits in the current financial year. Closing price 5445.00p (Reuters)
(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 |
| ANTOFAGASTA | ANTO | 0.6% | 0.6% | -2.0% |
| FRESNILLO | FRES | -7.3% | -0.5% | -9.3% |
| BHP BILLITON | BLT | -1.5% | -0.5% | -2.3% |
| VODAFONE | VOD | -1.4% | 0.4% | -2.3% |
| ITV | ITV | 0.7% | 2.3% | -2.4% |
| TULLOW OIL | TLW | 3.1% | 4.6% | 1.4% |
| INFORMA | INF | -4.0% | 2.2% | -4.1% |
| WIZZ AIR HOLDINGS | WIZZ | -8.5% | -2.6% | -10.0% |
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Prepared by Michael van Dulken, Head of Research