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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
BT (BT.A) – Reaffirmed its outlook for the full-year, posting strong demand for broadband helped it report better-than-expected Q1 core earnings producing £1.82bn beating forecasts of £1.78bn. Expected core earnings of £7.9bn for full year. Closing price 401.90p (Reuters)
British Anerican Tobacco (BATS) - Quotes profit growth to be weighted to H2 of year, remaining confident it can deliver another year of good earnings growth at constant rates of exchange rates. Group revenue was up 7.8% offering a 4% increase in dividend on previous year. Closing price 541.00p (Reuters)
Lloyds (LLOY) – H1 Pre-tax profit report of £2.45bn ahead of analysts’ expectations, more than double y-o-y profit. It will cut 3,000 jobs. Plans to save £400m by 2017 end by axing a further 3,000 jobs and closing an additional 200 branches to protect dividend. A rise in impairments to £254m took the shine off the profit beat offers a glimpse into tougher times to come. Closing price 55.96p (Reuters)
Thomas Cook Group (TCG.L) – Says full-year profit to be lower, initially expected £310m-£335m as the Brexit-induced collapse in the pound, attacks in Europe and a failed coup in Turkey forced customers to cancel holidays, booking down 5%. Sector peers have all been hit by the recent events. Profit expected to come in between 10-11% lower than earlier year guidance at £300m. Closing price 60.00p (Reuters)
Rolls-Royce (RR) - Posted an 80% plunge in H1 ahead of expectations, profit expected to be £16m in the red, coming in at £104m positive and stuck to guidance that its profit performance would recover in H2 after several warnings last year that 2016 profit would halve. Closing price 734.50p (Reuters)
Sky PLC (SKY) - Reported a revenue rise of 7%, generating £11.97bn a 12% rise in full-year adjusted operating profit, just ahead of forecasts, in what it said was another excellent year for the group. Closing price 887.50p (Reuters)
Weir Group (WEIR) - Group H1 profit before tax down 25%, ahead of market expectations, Oil & Gas earning well but margins belwo break-even due to weak oil prices and £50m annualized cost reduction increasing asset disposal. Closing price 1532.00p (Reuters)
Royal Dutch Shell (RDSb) - reported a more than 70 percent fall in quarterly profits on Thursday, well below analyst estimates, as weak oil and gas prices further ate into revenue. Closing price 575.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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