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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 (BARC.L), Lloyds (LLOY.L), Royal Bank of Scotland (RBS.L) - A Fed interest-rate hike next month is as certain as death and taxes for bond traders, as speculation mounts that Donald Trump’s reflationary policies will mean a quicker pace of monetary tightening. The market-implied odds of action at the central bank’s Dec. 13-14 meeting reached 100% for the first time, according to Bloomberg calculations based on futures. Closing prices 210.60p, 59.11p, 203.60p (Bloomberg)
BP (BP.L), Royal Dutch Shell (RDSB.L), Tullow Oil (TLW.L), Cairn Energy (CNE.L), Premier Oil (PMO.L), Weir (WEIR.L) – Oil extended its advance on optimism OPEC will agree to cut output. Oil surged as Iran signaled optimism that OPEC will agree to a supply-cut deal and Iraq said it will offer new proposals to help bolster unity before next week’s meeting in Vienna. Closing prices 456.25p, 2100.00p, 278.80p, 198.40p, 56.50p, 1700.00p (Bloomberg)
BT (BT.A.L), Vodafone (VOD.L), TalkTalk (TALK.L), Sky (SKY.L) - An extra £1bn of Government investment in fast broadband is going to be announced by the Chancellor in his Autumn Statement. Philip Hammond will claim his latest infrastructure cash handout will mean at least two million more homes and businesses could get access to gold standard "full-fibre" broadband. Closing Prices 361.55p, 202.15p, 171.00p and 750.50p (Sky News)
Babcock International (BAB.L) – Said full year results to be in line with expectations, its H1 underlying revenue rises 6% to £2.49bn. Organic growth, although slightly lower, is still up 4%. EPS is up 8% to 37.2p, stating 93% of revenue for full year 2016/17 is already in place, and 63% of revenue for full year 2017/18 already under contract. Closing price 991.00p (Bloomberg)
Compass Group PLC (CPG.L) – Has beaten expectations for operating profit. £1.42bn was expected vs est. £1.45bn coming in, while also beating FY underlying revenue £19.9bn generated vs an estimated £19.5bn. Positive outlook for 2017 with growth weighted towards H2 of 2018. Closing price 1391.00p (Bloomberg)
Mitchells & Butlers (MAB.L) – Saw its FY revenue in at £2.09bn missing estimates of £2.1bn, also missing operating profit of £322m expected coming in at £318m, downward pressure expected on margins for the year with wage inflation and FX movements. Closing price 273.50p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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