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
UK Index Banks may be sensitive to EU Stress test results for Barclays and Lloyds showing Barclays’ Core Tier 1 capital ratio falling as low as 6.0% under adverse macroeconomic scenarios and Lloyds not faring much better at 6.78%.
Schroders approached troubled Swiss fund GAM about acquiring its Systematic division/Cantab quant fund (acquired 2016, value write-down expected this year).
Micro Focus trading in-line, with improved H2 revenue trajectory. Sees full year like-for-like revenue at top of -6% to -9% range. Extends share buyback by $400m. Brian McArthur-Muscroft (ex-Paysafe) named new CFO, from Q1 2019.
Hiscox Q3 like-for-like premiums +11.4% YoY (Retail +12.5%, London +10.4%, Re & ILS +9.9%). Expects growth to “moderate” through rest of the year due to natural catastrophes and large claims. Brexit preparations well-advanced, with European subsidiary to start business from 1 Jan.
(Sources: Company newswires, Bloomberg, CNBC, FT, Reuters, Wall Street Journal)
For more information on any of these individual news items, call into the trading floor
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Prepared by Michael van Dulken, Head of Research