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
Royal Bank of Scotland (RBS) – Has declared an interim dividend of 2p to be paid on 12 October 2018 at the close of trade on August 24th after a $4.9bn settlement with the US DoJ. Closing price 242.00p (Reuters)
GlaxoSmithKline (GSK) –Sees positive 48-week results for VIIV HC Atlas Study in its first pivotal phase of trials for long injectable HIV treatment. Closing price 1563.20p (Reuters)
Hikma Pharmaceuticals (HIK) – Saw operating profit rise 54% in H1 and saw revenue rise 11%, it raised the full-year revenue forecast at its top two businesses, as it sold more injectable opioids in the US amid a supply shortage, and had a better-than-expected performance in however, it does not expect the same demand for some of its injectable products to continue into 2019. Closing price 1640.00p (Reuters)
Admiral (ADM) – Posted H1 pretax profit that climbed +9%, due to demand for its insurance products. Motor profits also increased +11% to £249.2m vs £224.2m last year. Pre-tax profit rose to £211m from £193m y-o-y. It said the UK’s exit from the EU brought additional risks to the company, particularly the possibility of a ‘no deal’ Brexit. Closing price 1999.50p (Reuters)
Balfour Beatty (BBY) – Saw H1 underlying profit from operations rises 69% to £66m y-o-y. Its interim dividend was raised to 1.6pp share, +33%. Net cash climbed 127% to £366m against £166m last year. Divesting assets in infrastructure. On target to it H2 guidance and earnings. Closing price 290.50p (Bloomberg)
CLS Holdings (CLS) – Said profit after tax for H1 of £60.8m, with H1 EPRA net asset value per share 294.7p, earnings per share was at 6.1p. It raised its interim dividend up 7.3% to 2.2pp share y-o-y. I is focused on reducing cost of its debt with sale of assets to show growth and return cash to shareholders. Closing price 240.00p (Bloomberg)
(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 |
| WPP | WPP | -0.8% | 0.9% | -1.2% |
| ESURE GROUP | ESUR | 3.9% | 4.3% | 3.5% |
| ROYAL MAIL | RMG | -1.6% | 1.3% | -2.5% |
| ANTOFAGASTA | ANTO | -7.0% | -2.3% | -7.1% |
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Prepared by Michael van Dulken, Head of Research