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 Q3 adjusted net profit and production beats consensus (Q4 to be higher after boosted by BHP assets); Proceeds from $5-$6bn divestments to cut debt. Dividend +2.5% YoY to 10.25c
Reckitt Benckiser Q3 like-for-like sales +2% QoQ (+2% YTD), infant formula/child nutrition -6% (temporary disruption at European plant, potential knock on to Q4 and 2019), rest of health +4%, Hygiene Home +4%. On track to hit FY net revenue target (+2-3% like-for-like growth).
Hunting Q3 revenues steady in North America, onshore demand firm, but offshore and international market slow due to geopolitical tensions, FY trading in-line.
Ocado signs master services plan with US chain Kroger for 20 Customer Fulfilment Centres (CFCs) over first 3 years, the first 3 by end-18; Peak financing of £90m for Ocado; 2018 earnings neutral.
Housebuilders may remain sensitive to a 2yr extension to the Help to Buy scheme albeit, as expected, with some restrictions (first time buyers only, regional price caps).
IAG may be sensitive to disappointing results (profits -8%) from Germany’s Lufthansa.
Banks may like news of France’s BNP Paribas beating Q3 profits expectations, boosted by international.
(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 |
| HSBC | HSBA | 4.0% | 5.3% | 2.6% |
| STANDARD CHARTERED | STAN | 2.1% | 3.4% | 0.2% |
| IWG | IWG | 1.8% | 3.8% | -1.0% |
| BARRATT DEVELOPMENTS | BDEV | 0.3% | 1.4% | -1.4% |
| BERKELEY GROUP | BKG | 1.3% | 2.0% | -1.2% |
| TAYLOR WIMPEY | TW/ | 1.3% | 2.4% | -0.8% |
| BELLWAY | BWY | 0.5% | 2.3% | -0.1% |
| CREST NICHOLSON | CRST | 0.3% | 4.1% | 0.3% |
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Prepared by Michael van Dulken, Head of Research