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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
UK Index Banks all passed 2018’s Bank of England stress tests, modelling for a global recession/house price crash/inflation spike more severe than a disorderly Brexit and 2008 financial crisis. RBS fared much better than last year, among the best, but Lloyds and Barclays among the worst.
British American Tobacco and Imperial Brands may react to an FT report that Marlboro owner Atria in on-off talks vaping start-up Juul (75% market share) about acquiring a stake.
Rio Tinto shares +2.6% in Australia after approval for a $2.6bn investment at its Koodaideri iron ore mine (W. Australia) to make it its most high-tech yet, aiming for production by late 2021.
Thomas Cook, following Tuesday’s profits warning, confirms FY revenues +6.4%, underlying profit -23% (-18.8% like-for-like), swings to pre-tax loss.
IAG could be sensitive to news that the UK and US have agreed a new Open Skies agreement to give each other commercial overflight rights after Brexit.
Britivic FY revenues +5.1% (+2.7% organic, constant FX), adj. EBIT +5.4% (+4% organic), final dividend +5.2%; Free cash flow to increase materially in 2019 as CAPEX normalises.
Greene King H1 revenues +1.9% (Pubs +2.7% like-for-like vs. market +1.1%; Brewing & Brands +7.5%, Pub Partners less negative), adj. pre-tax profits +0.2% (statutory +3.2%), dividend flat; Xmas bookings well ahead; on track to limit full year net cost inflation to £10-20m.
Dignity may react to CMA consulting on major investigation into funeral price rises.
(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 |
| UNILEVER | ULVR | 1.4% | 2.3% | 0.4% |
| EXPERIAN | EXPN | 0.8% | 1.0% | -0.9% |
| RPC GROUP | RPC | -1.4% | 1.5% | -3.4% |
| TELFORD HOMES | TEF | 0.6% | 1.5% | -3.2% |
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Prepared by Michael van Dulken, Head of Research