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
Anglo American (AAL.L), Glencore (GLEN.L), Fresnillo (FRES.L), KAZ Minerals (KAZ,L) - A surprise pickup in China’s factory activity bodes well for industrial metals as the nation is the world’s biggest user of copper, nickel and zinc. The London Metal Exchange LMEX Index climbed for a sixth straight day on Monday, rising to its highest close in more than a year. Closing prices 1131.00p, 250.00p, 1640.00p, 286.00p (Bloomberg)
BP Plc (BP.L) - Reported a 49% decline in Q3 earnings, that’s nine consecutive quarters. Adjusted profit dropped to $933m from $1.8bn y-o-y, the London-based company said Tuesday in a statement, this apportioned largely to falling crude prices and low margins. That beat the $719.2m average estimate of 14 analysts surveyed by Bloomberg. Closing price 483.70p (Bloomberg)
Moneysupermarket.com Group PLC (MONY.L) – Deliver a strong quarterly performance, with revenues up 12%. The group is benefitting from its diversified portfolio aimed at helping every household make the most of their money. Closing price 261.90p (Bloomberg)
Rolls-Royce (RR.L) - Rolls-Royce allegedly paid millions of pounds in bribes to land major contracts around the world. BBC's Panorama alleged the iconic British company paid over £10m to a network of unregistered agents in order to land contracts in up to 12 countries. Closing price 728.00p (Yahoo Finance)
Royal Dutch Shell Plc (RDSb.L) - Saw Q3 adjusted profit rise 17% to $2.79bn from $2.38bn y-o-y beating the $1.79bn average forecasts after its acquisition of BG Group Plc boosted oil production, countering a slump in Oil prices. The CEO has vowed to boost savings from the BG acquisition, using higher cash flows to safeguard the dividend. Closing price 2115.00p (Bloomberg)
Virgin Money (VM.L) – Saw gross mortgage lending up 19% on the first nine months of 2016 to £6.5bn resulting in a 3.6% market share of gross mortgage lending to the end of Q3 2016 with net mortgage lending up 33% on the first nine months of 2016. Double digit return on equity forecast for 2017. Closing price 329.00p (Bloomberg)
Weir Group PLC (WEIR.L) – Say they expect FY profits to be slightly lower than current market expectation, Q3 trading conditions have been tough, but has see signs of market improvements. Closing price 1700.00p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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