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 Banks (BARC, LLOY, RBS, HSBA) - could be sensitive to news late yesterday that Fitch Ratings lowered its outlook for five Italian banks, including UniCredit and Intesa Sanpaolo, from stable to negative, citing the high degree of political uncertainty and Italy’s negative credit fundamentals.
GlaxoSmithKline (GSK) - is to cut 650 US jobs (100 back office, 450 sales) as part of global restructuring to save £400m annually. Closing price: 1,553.2p (Source: Reuters)
Melrose Industries (MRO) - continues to trade in-line with the expectations for 2018 since GKN acquisition, although tariffs and raw material inflation may create some headwinds; significant progress made reducing central functions; no black holes found, interim dividend +11%. Closing price: 222.7p (Source: Company newswires)
Dixons Carphone (DC) - Q1 like-for-like revenues flat across most regions, online +13%, electrical flat, mobile -1%. Performance in-line with expectations, FY £300m profit guidance unchanged. Closing price: 164.15p (Source: Company newswires)
(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 |
| BARRATT DEVELOPMENTS | BDEV | -0.2% | -0.2% | -3.0% |
| BERKELEY GROUP | BKG | -3.6% | -2.8% | -5.1% |
| BHP BILLITON | BLT | -2.9% | -1.8% | -3.9% |
| WILLIAM HILL | WMH | 2.6% | 4.3% | -1.1% |
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Prepared by Michael van Dulken, Head of Research