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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
Admiral (ADM.L) – Posted a 25% fall in full-year pre-tax profit after the British government lowered the discount rate used to calculate personal injury pay-outs. Pre-tax profit in the period was £284.3m, down from £376.8m in 2015. Revenues over the 12 months to end-December rose 22% to £2.6bn helped by strong sales to international customers. Final dividend of 51.5p, made up of a normal dividend of 15pp share and a special dividend of 36.5p. Closing Price 1799p (Reuters)
Foxtons (FOXT.L) - FY pre-tax profit £18.8m. FY revenue fell 11.4% to £132.7m. Final dividend 0.33p p/sh. Total dividend 2pp share. FY adjusted Ebitda margin 18.5%. Says "should current sales activity continue through remainder of this year, it is likely that 2017 sales volumes will be below last year" it is too early to assess impact of government's proposed ban on tenants' fees. Closing Price 98.25p (Reuters)
G4S Plc (GFS.L) - Reported its first rise in revenue from £6.82bn versus 6.42bn previously, a 6.3% rise for 2016 and cut its leverage to 2.8 times net debt from 3.4 times a year earlier. The US now its biggest market by country. Closing price 267.40p (Reuters)
Hochschild Mining Plc (HOC.L) - Posted a full-year pretax profit of $108.3m for the year, compared with a loss of $256.6m a year ago. Revenue rose 47% to $688.2m, from $469.1m last year, citing strong performance at its flagship Inmaculada mine in Peru and a more favorable pricing environment. Silver production was marginally higher. Closing price 231.30p (Reuters)
Legal & General (LGEN.L) – Sees it operating profit rise 11% to £1.63bn against £1.46bn in 2015. Which also beat analysts’ forecasts. It also saw full-year dividend increase 7% to 14.35pp share versus 13.40p in 2015. Profit after tax was also up 16% to £1.72bn against £1.09bn previously. Closing price 254.20p (Bloomberg / Reuters)
For more information on any of these individual news items, call into the trading floor
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