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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
Direct Line Group (DLG.L) - Posted a 4.2% rise in gross written premiums in the first nine months of 2016, due to a strong performance in its motor brands. Gross written premiums totaled £2.5bn above expectations of £2.48bn. A survey by roadside assistance firm AA Plc showed a 3.7% rise in motor insurance prices in the third quarter from the previous quarter, and a 16.3% rise over a year earlier. Closing price 349.90p (Bloomberg / Reuters)
Marks & Spencer (MKS.L) - Reported an 18.6% fall in pretax profit for H1 at £231.1m, along with a 2.9% fall in Q2 underlying clothing sales. Like-for-like food sales were down 0.9%. Now repositioning about 25% of its UK clothing and home space and plans to shut stores home and abroad, with new CEO seeking to cut costs as part of a revival plan. The cost of the programme would be £50m for the next three years, rising to about £100m in years four and five. Closing price 349.00p (Reuters)
Royal Bank of Scotland (RBS.L) - Is setting up a £400m scheme to reimburse fees to customers who claim they were mistreated by its small business restructuring unit, a long running battle against claims that its Global Restructuring Group deliberately pushed some companies into bankruptcy so it could pick up their assets more cheaply. The new complaints process will automatically refund the disputed fees to affected borrowers. Closing price 186.50p (Reuters)
For more information on any of these individual news items, call into the trading floor
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