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
RBS Q3 total income & operating profit beats estimate; attributable profit misses; Core Tier 1 ratio beats. Net interest margin -8bp to 1.93%. Operating costs higher due to £200m PPI. Additional £100m impairment for uncertain econ outlook and £60m for Irish business. FY guidance reiterated.
IAG Q3 revenues +8.5% YoY (passenger unit revenues +1.3%, or 2.4% excl. FX headwind), Operating profit +0.7%, pre-tax profit -0.4%; Costs +10.7%, Interim div 14.5c (same as June), +16%. Expects FY operating profit +6.8% at current fuel and FX, implying Q4 +4.5%.
Glencore Q3 copper production +12% YoY, cobalt +44%, due to restart of Katanga mine’s processing ops. Zinc -5% following divestments in Africa (+7% after disposals). Coal +6% on the back of acquisitions. Oil -14% on natural field declines. FY prod. guidance unchanged (excl. oil lower), but ranges narrowed slightly.
(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 |
| LLOYDS BANKING | LLOY | 2.4% | 2.9% | -0.7% |
| KAZ MINERALS | KAZ | 7.7% | 11.7% | -3.4% |
| WPP | WPP | -12.5% | -12.5% | -21.5% |
| RELX | REL | 3.1% | 3.1% | 0.4% |
| DEBENHAMS | DEB | 5.4% | 18.3% | -7.5% |
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Prepared by Michael van Dulken, Head of Research