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
BP (BP) - Reported $2.8bn in Q2 profit, four times the amount YoY due to higher oil prices. Its net income, which is replacement cost profit, beat expectations of $2.7bn according to a company-provided survey of analysts. Earnings climb $0.7bn y-o-y and $2.6bn in Q1. H1 production climbed 3.3% y-o-y. Closing price 565.60p (Reuters)
Petrofac (PFC) – Agreed to sell 49% of its Mexican operations to Perenco, reducing its oil and gas production. Closing price 608.20p (Reuters)
Standard Chartered (STAN) - H1 underlying operating income +6%, pre-tax +23% helped by impairments -50% and regulatory costs -9%, NIM +4bp, interim div resumed at 6c. Closing price 695.80p (Reuters)
Travis Perkins (TPK) – Lowered 2018 profit outlook, due to weak demand in DIY, operating profit would be in the lower half of the previously forecast range. Reports an impairment of £246m given challenging conditions. Closing price 1337.00p (Reuters)
Just Eat (JE) – H1 beats consensus; orders +30%, revenues +45%, underlying profits +12% (-3% incl. Hungry house acquisition); raises 2018 revenue guidance by 11-12%, but profit guidance unchanged (= lower margins), ups CAPEX. Closing price 849.00p (Reuters)
Taylor Wimpey (TW) – H1 pre-tax profit +46.8% (-1.2% pre-exceptional items incl. replacement of ACM cladding). Expects completions to be H2-weighted due to H1 weather), on track for FY construction guidance. Also confirming 2018 build cost increase guidance circa 3-4%. Closing price 172.75p (Bloomberg)
(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 |
| BP | BP/ | -0.3% | 0.7% | -0.9% |
| PETROFAC | PFC | 0.5% | 2.0% | -0.9% |
| STANDARD CHARTERED | STAN | -0.8% | -0.2% | -1.3% |
| TRAVIS PERKINS | TPK | 0.2% | 0.7% | -0.4% |
| JUST EAT | JE/ | -4.2% | -1.8% | -4.2% |
| TAYLOR WIMPEY | TW/ | -2.2% | 0.2% | -2.2% |
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Prepared by Michael van Dulken, Head of Research