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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
BHP Billiton (BLT.L) - Workers vowed to start an indefinite strike Thursday as talks with BHP Billiton Ltd. failed to produce an agreement following weeks of collective bargaining in Chile. Prices climbed. “We will start what is maybe the most important union fight that this country has seen in recent times,” the union rep said. BHP responded by saying that production would stop in the event of a strike. Closing price 1388.50p (Bloomberg)
Hargreaves Lansdown (HL.L) - Pretax profit rose 21% y-o-y, helped by strong demand for equities trading after the EU vote. Net pretax profit in the period was £131m, up from £108.1m in the year earlier period, revenues were up 16% to £184.8m. In addition, a 10% increase in the interim dividend to 8.60pp share from 7.8p y-o-y. Assets under administration rose 13 to hit a record £70bn, helped by net new business inflows of 2.34bn. Closing price 1386.00p (Reuters)
Redrow (RDW.L) – Legal completions up 13% 2,459, Revenue £739m, H1 profit before tax £140m up 35%, medium term guidance updated with 2019 turnover of £1.9bn, operating margin of 19.5% and EPS of 77p. "Given strength of our sales position and land holdings our growth strategy is firmly on track, giving me every confidence this will be another year of significant progress for Redrow." - Chairman. Closing Price 452.50p (Reuters)
Rio Tinto (RIO.L) – Dividend fell 21% to 170 cents a share, yet that still exceeds the average estimate of 136 cents, a much higher dividend than expected. It reported the first gain in annual profit since 2013. Higher iron ore prices boosted underlying profit to $5.1bn in 2016, beating the $4.75bn average estimate of analysts. Closing price 3435.00p (Bloomberg)
Royal Bank of Scotland (RBS.L) –US regulators have mostly finished their investigation into manipulation of LIBOR, but continue their probe into the rigging of ISDAfix benchmark. RBS became the fourth bank to settle with the Commodity Futures Trading Commission, when it agreed to pay an $85m. The RBS penalty brings total fines for attempted manipulation of the benchmark to more than $0.5bn. Closing price 225.40p (Bloomberg)
Tullow Oil (TLW.L) - Reported a loss for a third consecutive year in 2016, forced to write off further exploration costs. Full-year operating loss of $754.7m, down from a loss of $1.09bn in 2015 but slightly better than analyst estimates for a $639.4m loss. Sales revenue fell around 20% to $1.27bn despite its TEN oilfields offshore Ghana coming on stream, as weak oil prices ate into the value of its sales. Closing price 295.30p (Reuters)
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