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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
Anglo American resumes operations at Minas-Rio iron ore mine in Brazil after inspecting pipeline carrying ore from mine to port, and replacing 4km section. 2019 production expected 16-19m tonnes, with underlying 2018 EBITDA loss of $320m, towards bottom end of $300-400m guidance.
Interserve agrees to debt-for-equity swap; “material dilution” for existing shareholders; portion of new equity will be offered to existing shareholders and new investors through public offering. Plan will reduce net debt below 1.5x EBITDA by end-19. Thinking of spinning off RMD Kwikform unit to new entity controlled by creditors. Agreed to defer debt payment to 30 Apr (from 1 Feb).
Banks may be sensitive to US bank regulators warn of ‘living will’ shortcomings at Barclays, Credit Suisse, Deutsche and UBS.
After poor 38% uptake of Kier’s 409p £250m rights issue (despite 46% discount), underwriters raised another £101m selling leftovers to institutions; 360p price was bottom-end of 360-375p range.
RPC takeover deadline to conclude negotiations with Apollo private equity extended, for a fourth time, to 18 Jan.
(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 |
| SHIRE | SHP | 2.7% | 4.6% | 2.7% |
| ASTRAZENECA | AZN | -0.7% | 1.8% | -2.1% |
| KIER | KIE | -5.6% | -4.8% | -19.2% |
| GREENCORE | GNC | 9.3% | 10.1% | 4.3% |
| STAGECOACH | SGC | -1.5% | 3.4% | -1.5% |
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Prepared by Michael van Dulken, Head of Research