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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
HSBC FY revenues +4.5%, pre-tax profit +15.9% (adj. +2.8%), missed consensus due to costs +6%; div flat; committed to scrip div neutralisation with buyback; Jan ahead of plan, preparing for Brexit, committed to targets despite tough markets and weaker global outlook.
BHP H1 underlying profit -8% to $3.73bn (missing $4.37bn consensus), op. cash flow -1%, net debt -36%, capex +22%, dividend flat. Productivity hit of $835m for production outages, seen flat for full-year (down from $1bn guidance). FY costs and capex guidance unchanged.
InterConti Hotels FY underlying reportable segment adj op profit +6% to $805m beats $791m est; underlying revs +6%, div +10%, net debt -17%, cash flow +18%, net capex -22%, RevPar +2.5% (Q4 +1.9%), rooms +4.8% (+4.3% organic); on track for $125m savings by 2020; Capex unchanged.
Cobham reached an agreement with Boeing to settle KC-46 claims. To take £160m non-underlying charge in 2018 (£86m settlement + £74m in extra costs). Payment to Boeing offset by some unpaid invoices and will total £49m in H1’19. Boeing stopped withholding payments and contract still in place. WARP qualification schedule reset, expected to complete mid-2020.
Greggs expects FY underlying pre-tax profit ahead of guidance after an exceptionally strong start to the year, like-for-like sales +9.6% in the 7 weeks to 16 Feb. Strong trading to have material positive impact on H1 results.
(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 |
| RECKITT BENCKISER | RB/ | 5.0% | 5.9% | 1.4% |
| BARCLAYS | BARC | 0.7% | 2.0% | 0.7% |
| PETRA DIAMONDS | PDL | -9.4% | -2.9% | -12.0% |
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Prepared by Michael van Dulken, Head of Research