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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
BP (BP.L), Royal Dutch Shell (RDSB.L), Tullow Oil (TLW.L), Cairn Energy (CNE.L), Premier Oil (PMO.L), Weir (WEIR.L) – Oil prices climbed as Iran said it has good expectations for a deal on stabilizing the crude market. Crude bounced off a two-week low reached Tuesday, when 10 hours of talks failed to resolve differences between oil-producing nations ahead of today’s formal meeting in Vienna. Closing prices 442.55p, 2031.50p, 262.80p, 182.70p, 50.25p, 1738.00p (Bloomberg)
Royal Bank of Scotland Group Plc (RBS.L) - Bolstered its capital plan after failing multiple hurdles in the BOE’s toughest-ever stress test. Some “capital inadequacies” were revealed at Barclays Plc and Standard Chartered Plc, though neither required to submit a revised capital plan says the BOE’s PRA. RBS has already updated its capital plan to incorporate further capital strengthening actions. Closing price 197.00p (Bloomberg)
Sage Group PLC (SGE.L) - Met forecasts with a 9% rise in full-year operating profit to £427m helped by a rise in subscription sales. It has expectations to grow organic revenue by the same 6% this year as it achieved in the year to end-September with a 27% operating margin. Closing price 675.50p (Bloomberg / Reuters)
Telford homes plc (TELF.L) – Reports H1 total revenue falls 25% year on year, £104.3m generated vs £139.6m, pre-tax profit down 57% from £29m in 2015 to £9m for 2016. Operating profit down 53%, however bullish on outlook for housing market with forward sales remaining strong. Closing price 313.75p (Reuters)
For more information on any of these individual news items, call into the trading floor
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