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
Chemring (CHG) – says FY profit is expected £10-20m below expectations (£55m previous) after a fatal explosion stopped work at its Salisbury facility on Friday. Total impact yet to be assessed. Closing price 236.00p (Reuters)
Petrofac (PFC) – In a bid to scale back its oil and gas production, it has agreed to sell 49% of its operations in Mexico to Perenco (Oil & Gas) International Ltd. Closing price 622.00p (Reuters)
Clarkson (CKN) – Claimed an unauthorized third party accessed computer systems in the UK last year. H1 profit falls almost -18% y-o-y, revenue down almost -2.6% and the company views a challenging trading environment in shipping and offshore capital markets. Closing price 2610.00p (Reuters)
Barratt Developments (BDEV), Bellway (BWY), Persimmon (PSN), Taylor Wimpey (TW) - U.K. house prices fall 5 months consecutively in July, the longest stretch of declines since the financial crisis. Home prices fell 0.2% from June, the average price lowered to £302,251 according to Acadata. Q2 sales falling by 7% y-o-y and prices declining in almost two-thirds of the capital’s boroughs. Slower economic growth, uncertainty created by Brexit, inflation responsible. Closing prices 541.60p, 2878.00p, 2479.00p, 172.35p (Bloomberg)
(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
| Stock | Code | Close | High | Low |
| DIAGEO | DGE | 0.0% | 1.0% | -0.3% |
| RYANAIR | RYA | -3.7% | -0.1% | -4.0% |
| LLOYDS BANKING | LLOY | -0.4% | -0.1% | -0.8% |
| BARCLAYS | BARC | -2.0% | -0.5% | -2.8% |
| ROYAL BANK OF SCOTLAND | RBS | -1.7% | 0.3% | -2.6% |
| HSBC | HSBA | -0.6% | 0.1% | -1.0% |
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Prepared by Michael van Dulken, Head of Research