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
British American Tobacco reorganises management board from 1 Jan; new positions for innovation and digital transformation eliminate COO & Business Development director roles while regions report directly to CEO.
Watch Telecoms names like BT, Vodafone, TalkTalk and Telecom Plus with Ofcom launching a review of UK broadband prices, proposing companies should be made to tell customers about the best available deals.
Reuters reports that Chinese battery firm GEM stopped cobalt purchases from Glencore under and existing 3-year contract after the metal’s price nearly halved since March.
Balfour Beatty sees FY above expectations after additional Infrastructure Investments sale. Now forecasts FY Infrastructure Investments profit from disposals ~£65m; paid down remaining convertible bonds; gross debt -45%; avg monthly net cash forecast £185m vs £140-170m guidance. Year-end order book +5.2% at £12bn.
(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 |
| BUNZL | BNZL | 3.4% | 8.0% | 2.9% |
| OCADO | OCDO | 1.1% | 4.0% | -0.3% |
| TUI | TUI | 6.8% | 9.3% | 4.8% |
| SPORTS DIRECT | SPD | -11.7% | 6.1% | -17.0% |
| SERCO | SRP | 13.2% | 14.9% | 9.9% |
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Prepared by Michael van Dulken, Head of Research