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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
Rio-Tinto (RIO.L) – Reported a 47% slump in H1 profit from $2.92bn to $1.56bn y-o-y, its weakest in 12 years, but beating analysts’ forecasts of $1.46bn and surprising the market with a higher than expected dividend of 45c a share, analysts expected 41c, the CEO expecting the overall market to remain challenging and volatile. Closing price 2441.50p (Reuters)
Moneysupermarket (MONY.L) - Says CEO Peter Plumb to step down. Interim dividend up 8% to 2.75p per share. H1 group revenue £157.6m versus £143.9m year ago. H1 adjusted operating profit £53.8m versus £50.8m year ago. Remains confident of delivering its expectations for year. Closing price 302p. (Reuters)
HSBC (HSBA.L) - Said on Wednesday its core H1 profit fell 29%, slightly below estimates, as revenue at Europe's biggest bank was hit by slowing economic growth in its key markets of Britain and Hong Kong, the bank issuing a share buy-back of £2.5bn. Closing price 482.80p (Reuters)
Anglo American (AAL.L), Antofagasta (ANTO.L), BHP Billiton (BLT.L), Glencore (GLEN.L), Rio-Tinto (RIO.L) - Growth in China's services sector slowed in July, showing weaker expansions in activity and new work prompting companies to shed staff for first time in four months as they looked to cut costs. The Caixin services managers index fell from 52.7 to 51.7, any figure above 50 displays expansion, however showing contraction. Closing prices 835.00p, 496.50p, 937.40p, 185.80p, 2441.50p (Reuters/Accendo Markets)
Next (NEXT.L) – Warned that cost prices would rise by 5% due to the GBP devaluation and that 2016 sales could fall by 2.5%, an improvement on previous guidance, but said trading remained volatile, reflecting weak demand for clothing. Closing price 5130.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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