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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
Barclays (BARC.L), Lloyds (LLOY.L), Royal Bank of Scotland (RBS.L) - Italian banks need at least €52bn to clean up their balance sheets, much more than the rescue package proposed Monday. The Italian government asked parliament this week to increase the public borrowing limit by as much as €20bn to potentially backstop Monte Paschi and other lenders, the rescue package needs to be closer to €30bn to solve Italy’s bad-debt crisis. Closing prices 227.65p, 63.94p, 226.30p (Bloomberg)
Barratt Developments (BDEV.L), Bovis Homes (BVS.L), Persimmon (PSN.L), Taylor Wimpey (TW.L) - U.K. house-price inflation will slow by half in 2017 as affordability stretches potential buyers, according to RICS. Values will rise just 3% and the number of transactions will see a moderate decline, compared to year-on-year price increases of 6.9% in October, according to the most recent official data published by the ONS. Closing price 467.00p, 847.50p, 1735.00p, 154.30p (Bloomberg)
Meggitt (MGGT.L) - Said it had sold its defense unit to QinetiQ for £57.5m in cash, as part of a plan to focus on sectors where it has a leading position. Closing price 472.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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