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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
Glencore (GLEN) - Reported $5.8bn of charges mostly due to impairments following a slide in commodity prices, and a 32% fall in 2015 core profit. Group earnings totalled $8.7bn, in line with analysts' expectations, with the company confident of achieving $4-5 billion of asset disposals during the rest of 2016. Closing price 133.25p (Reuters)
Anglo American (AAL), Antofagasta (ANTO), BHP Billiton (BLT), Glencore (GLEN), Rio-Tinto (RIO) - Activity in China's manufacturing sector shrank more sharply than expected in February, prompting smaller companies to shed workers at the fastest pace in seven years and suggesting Beijing will have to ramp up stimulus to avoid a deeper economic slowdown. Closing prices 480.25p, 494.00p, 728.00p, 133.25p, 1904.00p (Reuters)
Barclays (BARC) – Full-year adjusted pretax profit fell 2% to £5.4bn. Quarterly profits slashed in half to £247m from £563m. Additional provisions relating to PPI, of £1.4bn were made in Q4 2015. Intention to sell down 62.3% interest in African business over coming two to three years. Dividend slashed. Final dividend of 2015 is 3.5p, therefore 6.5p for the year. Do not expect as strong a performance for whole of Q1 this year in investment banking. Closing price 172.05p. (Reuters)
Direct Line Insurance Group (DLG) – Reported an above-forecast 2015 operating profit from continuing operations of £520.7m a rise of 3% yoy, Compared to analysts on average of £493m. It would pay a special dividend of 8.8%, and a final dividend of 9.2pp share. Closing price 388.60p (Reuters)
Taylor Wimpey (TW) - Revenue up to £3,13bn v £2,68bn a year earlier. Profit before tax and exceptional items up 34.1% to £603.8m. Record year end order book. 8.0% increase in total average selling price to £230,000. Total dividend of 1.67p. Closing price 186.2p. (Reuters)
London Stock Exchange (LSE) - Exchange and clearing house operator Intercontinental Exchange Inc is planning a counter bid for London Stock Exchange Group Plc, in an attempt to scuttle a merger with Deutsche Boerse AG. Closing price 2678.00p. (Reuters)
Greggs Plc (GRG) – Reported pre-tax profit up 25.4% to £73.0m vs 2014’s £58.3m, with sales up 5.2% to £835.7m and increasing ordinary div per share up 30%. Planned £100m investment in manufacturing and distribution operations over next five years. Closing price 1035.00p (Reuters)
Jardine Lloyd Thompson Group (JLT) - Reported total revenue rose 5% to £1.15bn however a 7% fall in full-year underlying pretax profit to £170.1m, hurt mainly by investment made in its U.S. specialty business. Closing price 796.50p (Reuters)
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