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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
Royal Bank of Scotland (RBS.L) – reported its first Q1 profit since September 2015. Reaching a better than expected Q1 profit of £259m, beating analysts’ forecasts by £50m where it made almost a £1bn loss during Q1 of 2016. It reached a settlement with 40% of an outstanding claimant group in relation to its 2008 rights offering. Reached a resolution with shareholders representing 87% of original claims. Closing price 253.40p (Bloomberg)
Lloyds Banking (LLOY.L) – The UK government has cut its stake in the UK lender to less than 1%, reduced to 0.89%. Putting the Bank on track to be in full private ownership within weeks. Closing price 68.97p (Reuters)
Barclays (BARC.L) - Reported Q1 profit more than doubled. Pre-tax profit was £1.7bn, up from £793m year on year and also beat the £1.46bn average estimated by analysts. It booked a one-off impairment charge of £884m on its Barclays Africa Group. Closing price 223.95p (Bloomberg / Reuters)
Barratt Developments (BDEV.L), Bovis (BVS.L), Berkeley Group (BKG.L), Crest Nicholson (CRST.L), Persimmon (PSN.L), Taylor Wimpey (TW.L) - U.K. home prices fell 0.4% in April the biggest since 2012 and 0.3% in March, according to Nationwide Building Society, saying the drop may be part of a wider trend showing weakness in consumer demand due to a squeeze on real incomes or to affordability pressures in key parts of the country. It reduced annual growth to 2.6% , the weakest since June 2013. Closing prices 588.00p, 932.00p, 3298.00p, 601.50p, 2340.00p, 201.60p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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