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Movers & Shakers - 24 October 2018

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

Barclays Q3 results beat consensus; net operating income £4.875bn vs £4.69bn est; pre-tax profit £1.54bn (ex legal) vs £1.33bn est; CT1 ratio 13.2% vs 13.1% est; dividend 2.5p vs 1p prev; on track to meet targets; PPI provisions appropriate.

Antofagasta Q3 copper production -4% YoY (+15.4% QoQ), gold -30.1%. Net cash costs +16.4% YoY. Outlook positive despite trade fears. 2018 copper production guidance narrowed to 705-725Kt, with strong Q4 increase; Capex lower. 2019 guidance increased to 750-790Kt.

Fresnillo Q3 total silver production +6.3% YoY (expectations miss), gold -3.5%, lead +4.8%, zinc +29.7%. FY gold prod. guidance improved to 920-920 koz (from 900-930 koz), silver guidance down to 62-64.5 moz (from 64.5-67.5 moz) due to challenges at Saucito and Fresnillo mines.

Metro Bank Q3 total revenues +34% YoY (+7.1% QoQ) , underlying pre-tax profits +110% YoY (+7.1% QoQ); Net interest margin -17bp YoY (-8bp QoQ); Deposits +8% QoQ, Loans +9% QoQ; competitive trends in mortgage market persist.

(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

Prior day's Movers & Shakers:

Stock Code Close High Low
WHITBREAD WTB -3.1% -2.9% -4.9%
ANGLO AMERICAN AAL -1.0% 0.8% -2.7%
INTU PROPERTIES INTU -2.4% 1.0% -3.3%
BUNZL BNZL -0.8% 0.1% -1.5%
ST JAMES’S PLACE STJ -5.3% -1.4% -5.6%
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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Prepared by Michael van Dulken, Head of Research
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