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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
British Land (BLND.L), Land Securities Group PLC (LAND.L), Intu Properties (INTUP.L) - The amount of empty office space in London has jumped over the past 15 months and is likely to rise further, despite potential for a post-Brexit business exodus that could drive down rental values. Closing prices 674.00p, 1131.00p, 273.50p (Reuters)
Foxtons Group PLC (FOXT.L) – Said revenue dropped to £28.7m from £38m a year earlier, a drop of 25%, as sales commission almost halved. This is perhaps a reflection on the property boom In the capital as double digit growth in prices has cooled since 2014. Closing price 106.00p (Bloomberg)
Lloyds Banking Group PLC (LLOY.L) – The British Government has now sold its remaining stake in the Bank, making it the first lender to re-emerge from British state ownership in a symbolic step for the country's recovering banking sector. Closing price 70.15p (Reuters)
Mitchells & Butlers (MAB.L) – In the UK, inflation figures have started to rise recently, more specifically, wholesale food inflation. Sales were up 1.6%, but posted H1 pretax profit of £75m down from £83m year on year, a 10% decline. Closing price 275.00p (Reuters)
SSE PLC (SSE.L) – Saw an increase in full year pre-tax profit, climbing to £1.54bn against £1.51bn a year earlier - a 2.1% increase - with the final dividend up to 91.3pp share at the top end of expected range. Closing price 1451.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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