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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
Acacia Mining (ACAA.L) - Said Q3 gold production rose 25%, it expected full-year production to be around 5% higher than the top end of earlier forecasts, core profit up $124.8m for period ending Sept. 30 helped by a strong performance in the first nine months of the year. Now expected to produce 750,000-780,000 ounces of gold this year. Closing price 469.20p (Reuters)
British American Tobacco (BATS.L), Reynolds American Inc (RAI) – BAT has proposed to buy the shares of Reynolds American Inc. that it doesn’t already own, a deal worth circa $47bn. Paying a premium of 20 % to the last closing price of Reynolds. The U.K. company already owns a 42.2% stake in. Closing prices 4803.00p, 47.17c (Bloomberg)
Tesco (TSCO.L), Sainsbury’s (SBRY.L) - Tesco Plc has pledged to match or beat toy prices at J Sainsbury Plc’s Argos stores in a bid to steal a march on its U.K. rival as the Christmas shopping season begins. Stating it would meet or undercut what Argos charges on about 200 toys and on more than 8,000 products. Closing prices 210.60p, 238.70p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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