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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
BHP identifies potential new iron oxide, copper and gold system near Olympic Dam operations in South Australia, planning further drilling program for early 2019.
Thomas Cook warns on profits; FY18 underlying EBIT of £250m, -18.8%, Revenues £9.58B, +6% like-for-like; suspends dividend; Expects 2019 underlying EBIT progress.
Greggs 9-week like-for-like sales +9% (managed shops +4.5%), ahead of expectations. Sees FY pre-exceptional pre-tax profit >£86m, higher than prev. guidance of similar to 2017 (£71.9m).
Faroe Petroleum says DNO’s 152p/share hostile takeover offer is opportunistic, substantially undervalues company (1% premium to 3-month volume weighted average price) and encourages shareholders to take no action.
Pennon H1 underlying revenues and adj. EBITDA +3.1%, pre-tax profit +8.7% (statutory +2.9%), interim dividend +7.3%; on-track for full year expectations.
(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 |
| RIO TINTO | RIO | -3.7% | -2.5% | -5.1% |
| ASTRAZENECA | AZN | 0.9% | 2.8% | 0.8% |
| FAROE PETROLEUM | FPM | 22.0% | 22.0% | 17.0% |
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Prepared by Michael van Dulken, Head of Research