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
Lloyds Banking Q3 net interest income flat; op costs -1%; underlying op profit flat; pre-tax profits -7% to £1.8bn beats £1.7bn consensus; no extra PPI but another £100m of non-PPI remediation; net interest margin +3bp to 2.93%; Core Tier 1 Capital ratio up 1-4bp; 2018 and long term targets reiterated; CFO to retire.
KAZ Minerals Q3 copper production +2.5% YoY (+6.7% QoQ), FY copper guidance reiterated at 270-300Kt. Gold +0.8% YoY (+13.3% QoQ), FY gold output expected at top of 160-175Kt range. Indivior says it applauds new US opioid legislation.
WPP Q3 like-for-like sales -1.5% misses 0.3% consensus; cuts full year sales guidance to -0.5% to -1% (prev expected +ve growth); US (-5.3%) and Creative weakened in Q3; confirms looking to sell stake in Kantar market research business to reduce debt.
RELX 9M underlying revenues +4% (Scientific/Tech/medical +2%; Risk & Business Analytics +8%, Legal +2%, Exhibitions+6%); FY outlook unchanged.
Debenhams FY sales -1.8% YoY, EBITDA -27.5%, pre-tax profit -65.1%, net debt +16.4%. Cash exceptional charges of £12.3m, non-cash excep. write-downs of £512.5m. Scraps final dividend. May cut up to 50 stores over 3-5 years, with low-cost approach in ~20. Note 2019 capex halved to ~£70m.
(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 |
| BARCLAYS | BARC | 3.3% | 4.0% | -0.7% |
| ANTOFAGASTA | ANTO | -6.0% | 0.7% | -6.9% |
| FRESNILLO | FRES | 4.7% | 9.4% | 4.6% |
| METRO BANK | MTRO | -11.0% | -0.6% | -12.4% |
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Prepared by Michael van Dulken, Head of Research