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
BP (BP) – Is to pay $10.5bn cash for BHP Billiton’s US Shale assets. Half the funded cash up front, half deferred via new equity. BP ups div by 2.5%, its first rise since Q3 2014, to divest extra $5-6bn assets to fund $5-6bn buyback. BHP Billiton to book $2.8bn impairment charge, plans to return sale proceeds to shareholders. Closing price 565.40p (BP press Release)
BT (BT) – Business and public sector mobile phone customers climb +4% with a +6% climb in broadband lines. 1% rise in Q1 earnings to £1.8bn +4% higher than expectations of £1.73bn from EE mobile unit and cost savings. Positive progress in its turnaround plan after its CEO departure. Underlying revenue fell -2% in line with market expectations. Closing price 225.50p (Reuters)
Reckitt Benckiser (RB) – H1 net revenues (continuing ops) +23% YoY (+30% ex-FX moves), +3% like-for-like/+4% pro-forma, H1 adj. operating profit +22%, interim dividend +6%, ups full year revenue target (+14-15% vs +13-14%, no change in margin expectations). Closing price 6311p (DJ)
Pearson (PSON) – H1 underlying revenues +2%, adj. Operating profit +46%, net debt -47%, interim div +10%; efficiency programme on track, 2018 guidance unchanged, traditionally H2 weighted. Closing price 923.8p (DJ)
Rightmove (RMV) – H1 revenues +10% YoY, underlying operating profit +11%, ARPA +£76/+8.3% (down from +£83/+10% at FY17), interim div +14%; FY18 ARPA expected +£80/+8.6%, H2 weighted due to timing of 2018 pricing activities. Closing price 5092p (DJ)
(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 |
| ANGLO AMERICAN | AAL | -0.7% | 0.4% | -2.4% |
| ASTRAZENECA | AZN | 4.2% | 4.4% | -0.2% |
| EVRAZ | EVR | 2.4% | 2.5% | 0.1% |
| DIAGEO | DGE | -0.9% | 0.4% | -2.1% |
| COMPASS | CPG | -2.1% | -1.2% | -3.3% |
| SMITH & NEPHEW | SN/ | 3.0% | 5.2% | 2.1% |
| VIRGIN MONEY | VM/ | -0.7% | 1.5% | -1.5% |
| RENISHAW | RSW | 2.3% | 3.1% | -0.9% |
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
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Prepared by Michael van Dulken, Head of Research