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
TP ICAP (TCAP) - H1 underlying revenue -3% YoY, underlying op. profit +8%, op. margin +140bp, FY revenue guidance reiterated for low single-digit growth. Chosen Paris for its post-Brexit EU HQ. . Closing price 291.40p (DJ)
Hargreaves Lansdown (HL) – FY net rev. +16% YoY (top of estimate range), pre-tax profit +10%, net new business +10% YoY, but only 3.1% QoQ (from £88.8bn to £91.6bn), total AUM +16% (expectations miss), market share +1.3% to 39.1%, dividend +38% to 40p. Closing price 2114.00p (Company newswires)
InterContinental Hotels (IHG) – H1 underlying revenues +4%, RevPAR +3.7% (Americas +3.2%, US +2.7%, EMEA +3%, China +10%) on capacity +4.1%, underlying operating profit +8%, net debt -12%, dividend +10%, confident in FY outlook, $350m CAPEX guidance unchanged. Closing price 4749.00p (Reuters)
Fevertree Drinks (FEVR) – Sees Charles Rolls and Tim Warrillow dumping circa 2 million shares, still holding stakes of between 8% and 4.7%. Closing price 3679.00p (Reuters)
Barratt Developments PLC (BDEV), Bovis Homes (BVS), Persimmon (PSN), Taylor Wimpey (TW) –UK House Price Data to be released this morning, July growth slowdown forecasted. House price growth is expected to rise over 3-month period. Closing prices 535.80p, 1126.00p, 2456.00p, 171.35p (Bloomberg)
Meggitt (MGGT) - H1 organic revenue growth of 9%. Increasing its target for organic revenue growth in July to 4-6% from +2-4% guidance given in February. Interim dividend up by +5% to 5.3pp share to reflect its confidence in the future. Meggitt Polymers & Composites unit, dragged on H1 profit. Closing price 569.20p (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
| Stock | Code | Close | High | Low |
| HSBC | HSBA | -1.0% | -0.3% | -1.3% |
| EASYJET | EZJ | 0.3% | 1.0% | -0.5% |
| CENTRICA | CNA | 0.8% | 0.9% | -1.0% |
| IWG | IWG | -20.5% | -19.3% | -26.0% |
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Prepared by Michael van Dulken, Head of Research