This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
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 Quarterly Review confirms that Royal Mail and Just Eat would be relegated from the UK 100 , replaced by Hiscox and Spirax-Sarco.
Vodafone invites holders of up to £300m of outstanding £600m zero-coupon equity linked bonds to sell for cash at price yet to be determined in modified Dutch Auction.
DS Smith H1 revs +15% YoY (+16% ex-plastics, +6% organic), pre-tax +28%, div +14%. Q3 trading in-line;Outlook positive. US acquisition delivering above expectations. Europac takeover expected to complete year-end. Exploring Plastics divestment (rev. +2%, profits hurt by higher polymer prices).
Ted Baker 16-week like-for-like revenue -0.4% YoY after anticipated drop in wholesale volumes. Trading challenging (weather & weak retail (+2.1%)/wholesale (-7%) although on-line +15.3%. Margins in-line. Appointed law firm to investigate press reports of CEO impropriety.
Ferrexpo doubles special interim dividend to 6.6p after pellet premiums remained high in H1 2018. Seaborne pellet demand to remain strong in 2019 and supply constrained.
Beazley estimates $40m costs of claims from 2018 California wildfires, net of reinsurance. Investment markets remain volatile, with 0.5% return on investment year-to-date ($27m).
(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 | 2.1% | 3.2% | 1.0% |
| STAGECOACH | SGC | 14.2% | 19.2% | 1.5% |
| JOHN WOOD | WG/ | -7.1% | -4.3% | -7.3% |
| RYANAIR | RYA | 1.2% | 2.2% | -2.6% |
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Prepared by Michael van Dulken, Head of Research