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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
London Stock Exchange (LSE.L) – Reported a 6% rise in profits in its fiscal first half, in line with analysts’ expectations, supported by an uptick in capital raising on its markets. Closing Price 1605.00p (Reuters)
British Land (BLND.L) – Posted a 4.5% rise in H1 net asset value on Wednesday, and said it had fully invested the proceeds from an equity raising earlier this year, which it expects to boost 2013/14 earnings. They also reported a 6.6% rise in underlying pretax profit to £146m, and raised its half-year dividend by 2.3% to 13.5p. Closing Price 620p (Reuters)
Bwin.Party Digital Entertainment (BPTY.L) – Total revenue1 in Q3 13 down 21% to €145.7m. Cost saving target of €70m for full year 2013 expected to be exceeded. Says Greek isp blocking will mean modest net impact to revenue and EBITDA for 2013 with a full year effect in 2014. Closing Price 124.50p (Reuters)
ICAP (IAP.L) – Revenue at £736m was marginally (1%) down on the prior year. Operating profit at £153m was 6% higher than the prior year. Profit before tax of £139m was 1% higher than the year before. Announced interim dividend payment to shareholders 6.6p per share. Closing Price 373.66p (Reuters)
Drax Group (DRX.L) – Beat average market forecasts for earnings this year. The company said it anticipated that FY core earnings and underlying earnings per share for 2013 would be materially ahead of current market consensus forecasts, which stood at £203m and 27p respectively. Closing Price 634.50p (Reuters)
J Sainsbury (SBRY.L) – 7% rise in H1 profit, outperforming rivals. Profit before tax and one-off items of £400m vs. analysts’ forecasts of £390-400m, and up from £374m made in the same period last year. Closing Price 398.80p (Reuters)
Barratt Developments (BDEV.L) – Net private reservations per active site per week of 0.71 (2012: 0.54), up 31.5% on prior year. Private forward sales of £1,127.4m, up 46.7% on the prior year (2012: £768.5m) Continue to secure excellent land opportunities. Confident that we will deliver substantial improvements in our performance for the full year. Closing Price 327.30p (Reuters)
esure Group (ESUR.L) – Gross written premiums year-to-date up 4.8% to £427.0m Gross written premiums for Q3 up 1.7% to £161.5m. Financial position remains strong and the group remains debt-free. On track to meet market expectations for the full year. Closing Price 212.30p (Reuters)
SSE (SSE.L) – FY profit fell 12% after the part of its business which supplies households slumped to a loss. Retail business slumped to an £89.4m operating loss hit by higher wholesale energy prices and rising distribution and environmental and social costs. Adjusted pretax profit at the group level came in at £354m, 12% lower than in the year-earlier period. Closing Price 1405.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
Stock | Code | Close | High | Low |
Resolution | RSL.L | -0.09% | 1.15% | -1.75% |
CRH | CRH.L | 3.21% | 4.55% | 1.03% |
Land Securities | LAND.L | -0.61% | 2.96% | -1.33% |
Babcock International Group | BAB.L | 1.16% | 2.17% | -1.78% |
Vodafone | VOD | 1.72% | 2.29% | -1.72% |
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