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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
Lloyds Banking (LLOY) – Q2 pre-tax profit of £1.52bn beats £1.4bn forecast, NIM +11bp, Cost ratio falls, dividend +7% but PPI jumps to £460m (£90m in Q1) to cover 13K claims per week (up from 11K run rate) until next Aug. Closing price 62.45p (Reuters)
Capita (CPI) – Claimed it’s on track to make the cost savings it had promised. Reiterating full-year and medium-term targets. It said 2018 underlying pre-tax profit would now be lower between 7-8%, between £250m-£275m versus £270m-£300m predicted earlier this year. Closing price 162.00p (Reuters)
Next (NXT) – Q2 Sales slower than flattered Q1, ahead of guidance (summer purchases brought forward), but below consensus; outlook unchanged. Closing price 5500.00p (DJ)
Dignity (DTY) – Reported revenue climbed +3% y-o-y of £174.7m, against £169.8m last year. H1 pretax profit of £38.5m against £45.3m Last Year. Dividend is unchanged of 8.64pp share, guidance for 2019 is expected profitability lower. Closing price 1012.50p (Reuters)
(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