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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
Ocado Group PLC (OCDO.L) - Reports H1 group revenue £713.8m, profit ahead of expectations and earnings beating expectations of £44.4m coming in at £45.2m. The company also expect the recent announced international partnership to be first of many. Closing price 289.60p (Bloomberg / Reuters)
Persimmon (PSN.L) - Anticipates H1 2017 operating margin to “comfortably exceed” the 25.7% from H2 2016. Home completions increase 8% with forward sales and revenue generating £1.66bn, and a further 100 new sites are set for open to support sales targets. Closing price 2291.00p (Bloomberg)
Booker Group PLC (BOK.L) – Report Q1 Like-for-Like Sales Rises 4.2% year-on-year, non-tobacco related products up 9.6% almost doubling analysts’ expectations, although legislative changes have hurt sales growth. Closing price 184.20p (Blomberg)
HSBC Holdings (HSBA.L) - Has approached Peter Hancock, the former boss of American International Group Inc., to be its next CEO as incoming Chairman Mark Tucker considers internal and external candidates to lead Europe’s largest bank. Closing price 721.70p (Bloomberg)
Aberdeen Asset Management Group (AND.L), Hargreaves Lansdown (HL.L), Schroders PLC (SDR.L) - Asset managers including Jupiter Fund Management Plc are getting off lightly in a regulatory overhaul of Britain’s £7.0Tr industry, analysts say, the industry was expecting more damning indictments from the FCA than it gave. The proposals in its report last week are less onerous than some had feared. Closing prices 302.10p, 1266.00p, 3115.00p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research