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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
RSA Insurance (RSA.L) – Posted H1 pre-tax profit of £91m, underwriting profit up 72%. Due to weather and large losses £59m worse than planned and £49m worse than H1 in 2015. Also implementing a £350m cost saving programme to be achieved by 2018 still on track. Closing price 498.20p (Reuters)
Ladbrokes (LAD.M) – Reported a better-than-expected 34% rise in H1 operating profit, boosted by some bookmaker-friendly sporting results. Operating profit came in at £52.3m for the six months to June end beating a £42m and £49m expectation from analysts UBS and Goodbody. Closing price 138.40p (Reuters)
Aviva (AV.L) H1 operating profit up 13% to £1.325bn pounds from £1.170bn in 2015, Interim dividend up 10% to 7.42p per share. Says while uncertainty in economic outlook may persist in short term, has not observed major disruption to operating activities, continues to target mid-single digit growth in operating profit over medium term. Closing price 385.20p (Reuters)
UK 100 ( UK 100 Cash) – Today at 12.00pm the Bank of England will announce whether or not they will cut interest rates for the first time since 2009 and/or make any changes to its quantitative easing bond-buying programme. Current level 6642. (Reuters)
Hikma Pharmaceuticals (HIK.L) Continue to expect group revenue to be in the range of $2.0bn to $2.1bn for full year. Stated full year core operating profit from its generics unit would be hurt by delayed approvals of new products and higher-than expected costs. Closing Price 2667.50p (Reuters)
Fresnilo (FRES.L), Rangold Resources (RRS.L) – The BoE is poised to cut interest rates for the first time in seven years to historic lows, as Britain's economy teeters on the brink of recession after June's vote to leave the European Union. Defensives and precious metals could also see significant movement if indeed rates are cut as market expectations suggest. Closing prices 1941.00p, 8980.00p (Reuters)
Barclays (BARC.L), HSBC (HSBA.L), Lloyds (LLOY.L), Royal Bank of Scotland (RBS.L) – Financial markets are fully expecting the BoE to cut interest rates for the first time since 2009 on Thursday, meaning government debt could see a sell-off if the central bank is too tame. Closing prices 148.30p, 504.40p, 52.99p, 190.60p (Reuters)
For more information on any of these individual news items, call into the trading floor
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