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
Barclays (BARC.L) – Has reached a $100m multi-state settlement over charges that it manipulated the LIBOR and EURIBOR interest rate benchmarks. Closing Price 157.40p (Reuters)
GW Pharmaceuticals (GWP.L) – Will report Q3 Financial results at 12.30pm GMT. Closing Price 608.50p (Reuters)
Standard Life (SL.L) - Posted a 7% rise in H1 assets under administration from £307.4bn previously to £328bn beating analysts’ expectations, boosted by market gains following Britain's vote to leave the EU and stating an increase of £900m of net inflows in savings and pensions products. Closing price 318.15p (Reuters)
Legal & General (LGEN.L) – Increased interim dividend ahead of forecast to 4.00p vs 3.68p expected. H1 adj Operating profit up 10%. Profit after tax £667m beating expectations. CEO said the company confident it can continue to deliver attractive returns for shareholders and great value to customers. Closing price 218.10p (Bloomberg)
Morrison’s (MRW.L) – Set to announce a nationwide delivery tie up with online retailers Ocado. Morrison’s say the move is designed to increase their online footprint nationwide and increase their competiveness in the online grocery sector against the big three retailers. Closing price 188.30p (Reuters)
Barclays (BARC.L), HSBC (HSBA.L), Lloyds (LLOY.L), Royal Bank of Scotland (RBS.L) – A BoE policymaker said more QE was likely to be required if the U.K.'s economic decline worsens, The Times reported on Tuesday. Closing prices 157.40p, 534.00p, 54.55p, 184.70p, (Reuters/The Times)
WorldPay (WPG.L) – Reported H1 underlying earnings beat analyst estimates, driven by strong growth across all its businesses and tightened costs at its UK unit. It had the biggest flotation on the London Stock Exchange last year, said underlying EBITDA rose 19% to £218m compared to £209m expected by analysts. Closing price 301.40p. (Reuters)
Savills (SVS.L) –) Posted a 21% rise in pre-tax profit to a better-than-expected £121.4m in 2015 as it benefited from expansion across the United States and growing profitability in Europe. The firm said it had made a good start to 2016 but warned the British residential and commercial investment markets would be subdued due to the effect of an increased stamp duty property tax and ahead of a referendum on EU membership. Closing price 685.00p (Reuters)
BP PLC (BP.L) - Seeking buyers for its 50% stake in Chinese petrochemicals joint venture, the deal would fetch $2-$3bn. Closing Prices 421.99p (Reuters)
For more information on any of these individual news items, call into the trading floor
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