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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
Ryanair cuts full year profits guidance (ex-Lauda) to €1-1.1bn (from €1.1-1.2bn), citing Winter fares -7% vs -2% guidance, although higher traffic and better unit costs has helped reduce impact; can’t rule out further cuts (fares or guidance) due to Brexit/Security.
Rio Tinto FY iron ore production +2% YoY, upper end of guidance. Bauxite -1%, Aluminium -3%, in-line. Copper +33% beat guidance. Targets 2019 iron ore shipments flat to +3.5%, bauxite production +11-17%, but aluminium down 1-7% and Copper -5 to -13%. Shares +0.3% in Australia.
Sophos Q3 billings -0.6% YoY, extending slowdown from +6.5% in Q1 and +3.3% in H1 which implied a flat Q2. Cash EBITDA +6.9% but free cash flow -11.3%. Expects Q3 trends to continue into Q4, with a modest decline in FY billings.
(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 |
| ASSOCIATED BRITISH FOODS | ABF | 4.4% | 4.6% | 0.7% |
| WHITBREAD | WTB | -1.9% | -0.8% | -7.0% |
| SAGE GROUP | SGE | 3.5% | 6.7% | 2.7% |
| SSP GROUP | SSPG | -1.0% | -0.1% | -1.7% |
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Prepared by Michael van Dulken, Head of Research