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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
Anglo American (AAL.L), Antofagasta (ANTO.L), BHP Billiton (BLT.L), Glencore (GLEN.L), Rio-Tinto (RIO.L), Vedanta (VED.L) - The flood of Chinese money into Hong Kong before the mainland’s National Day celebrations in early October has slowed. More than $8bn flowed in over September, the biggest monthly inflow via the exchange link since it began in 2014. Net buying this month through last week was just 7 % of that amount, data compiled by Bloomberg show. Closing prices 1094.00p, 518.50p, 1221.00p, 237.55p, 2668.50p, 679.50p (Bloomberg)
Barclays (BARC.L), Lloyds (LLOY.L), Royal Bank of Scotland (RBS.L) – With UK Banks set to report stronger than expected results this week, the U.K. Chancellor is facing a fiscal hit if bankers carry out their threat to quit London to protect their businesses against Brexit. Warning the government its coffers will suffer if banks shift jobs and operations overseas to ensure continued access to the EU. He’s also being lobbied to cut levies to keep London attractive to the industry. Closing prices 183.20p, 55.14p, 190.00p (Bloomberg)
Cobham (COB.L) – Have warned annual trading profit would now come in at between £255m and £275m, as much as 14% lower than a previous consensus forecast of £295m, the second profit forecast for this year after a continued weak performance in its communications unit. Closing price 160.60p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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