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 PLC (BP.L) - Reported adjusted net for Q4 that beat the average analyst estimate by 8.2% on $1.95bn, coming in at $2.11bn. However net debt increased and gearing increased. Closing price 483.45p (Bloomberg)
Ocado Group (OCDO.L) – Saw retail revenue growth of 10%-15%, now planning a share placement of up to 31,463,500 new ordinary shares, equivalent to 5% of the company’s share capital. Full year earnings rose 4.5% to £79.2m, But 2018 earnings will be hampered by capital expenditure of £210m.Closing price 495.70p (Bloomberg)
Babcock International Group PLC (BAB.L) – Full year revenue now forecast to be slightly lower than previously expected, at between £5.3bn-£5.4bn due to tough trading conditions and volume reduction in defense sector, although the order book is strong increasing to £12.5bn. Group margin expected to be higher than forecast. Closing price 653.00p (Bloomberg)
Acacia Mining PLC (ACA.L), Centamin (CEY.L), Fresnillo (FRES.L), Hochschild Mining (HOC.L), Randgold Resources (RRS.L) – After a bond market rout and a risk-off move on global equities yesterday saw investors’ appetite for gold increase in favor of safe-haven assets classes even though more interest rate hikes were forecast this year. Closing prices 175.60p, 155.35p, 1313.00p,216.18p, 6516.00p (Reuters)
(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
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