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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
Thomas Cook Group PLC (TCG.L) – Reported full year underlying profit up 4%, £308m generated vs £297.5m expected. Revenue of £7.81bn marginally lower against an estimated £7.99bn with earnings per share slightly lower year on year, debt marginally increasing by £1m year on year. Closing price 73.55p (Bloomberg)
United Utilities (UU.L) - Posts H1 revenue slightly lower of £853m against one year ago of £857m, underlying operating profit print was up 1.2%, £312.5m vs one year ago £308.6m, operating profit stronger. The company confident to meet total expenditure targets for next two years and delivering shareholder and customer targets. Closing price 895.50p (Bloomberg)
Vectura Group PLC (VEC.L) – Sees its H1 revenue rise by 183%, generating £79.1m against last year’s print of £26.1m. It continues to expect strong growth in revenue this year, in line with previously raised forecast. With stronger acquisitions potential in the US. Closing price 146.30p (Bloomberg)
BP (BP.L), Royal Dutch Shell (RDSB.L), Tullow Oil (TLW.L), Cairn Energy (CNE.L), Premier Oil (PMO.L), Weir (WEIR.L) – Expect to see further volatility in the price of Brent and WTI today. OPEC talks in failed to resolve whether the second and third largest members Iraq and Iran will join any production cuts first outlined in September, raising concerns of a failure to implement these production cut targets, instead deferring the crucial matter to November 30th. Closing prices 456.25p, 2110.00p, 277.00p, 196.60p, 56.50p, 1762.00p (Bloomberg)
Centamin PLC (CEY.L), Fresnillo (FRES.L), Hochschild Mining (HOC.L), Randgold Resources (RRS.L) - Investors are bailing on gold. Holdings in ETF’s are heading for the biggest monthly drop in almost three years as the Fed prepares to hike interest rates, U.S. stocks notch record high’s and Donald Trump gets ready to take office with large suspected spending hints, pushing odds higher to 100% of an interest rate rise. . Bullion ETF’s fell for 9 days straight. Closing prices 132.50p, 1282.00p, 222.50p, 5815.00p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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