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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
Antofagasta (ANTO.L) – Cancelled its final dividend on Tuesday as it posted a 58% fall in annual core profit, hit by a rout in the price of the metal. Closing Price 537.50p (Reuters)
Legal & General (LGEN.L) – Reported Fy operating profit rose 14% to £1.455bn, with Fy profit after tax rising 10% to £1.094bn, cash generation up over 14% with the group to invest up to £15bn across various areas of focus including housing, urban regeneration, alternative finance and clean energy and said it would pay a total dividend of 13.4pp share, up 19% from 2014 and in line with forecasts. Closing price 243.60p (Reuters)
Sainsbury's (SBRY.L) – Beat expectations with its first quarterly underlying sales growth in over two years. Sales at stores open over a year rose 0.1 percent (forecasts flat to down 0.6%). Expects the market to remain competitive but was confident it would continue to outperform its major peers. Closing Price 280.60p (Reuters
Balfour Beatty Plc (BBY.L) - Expects to restart paying its dividend at the half year stage in 2016 after its order book and revenues stabilised. Posting a wider underlying pretax loss from continuing operations, before one-off items, of £123m which compared to an £80m loss a year earlier. Closing price 259.20p (Reuters)
BP (BP.L), Royal Dutch Shell (RDSb.L), Tullow Oil (TLW.L) Cairn Energy (CNE.L) - Oil prices fell on Tuesday, extending losses from the previous session as concerns took hold that a six-week recovery may have petered out due to ongoing oversupply and Iran maintaining a stance that suggests production from the country will continue at current levels. Closing prices 345.45p, 1675.50p, 216.10p, 196.80p, (Reuters)
For more information on any of these individual news items, call into the trading floor
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