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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
Standard Life Plc (SL.L), Aberdeen Asset Management Plc (AND.L) - Standard Life has agreed to acquire Aberdeen Asset Management Plc, which oversees £660bn, valuing Aberdeen at about £3.8bn. Talks were first revealed on March 4. Standard shareholders will own 66.7% of the combined group, according to a statement from the company on Sunday. Closing prices 378.50p, 286.40p (Bloomberg)
BT Group PLC (BT.A) - Has renewed Champions League football rights for three years to maintain exclusive rights in the U.K, commencing from 2018/19 season, which they will pay £394m each year for. Closing price 332.95p (Bloomberg)
BHP Billiton PLC (BLT.L) – Ongoing industrial dispute at Escondida enters a critical phase this week as the union expects management to tempt workers with an offer that could end the strike. After 30 days of strike, on March 10 BHP Billiton can legally make individual offers to workers. If it manages to convince more than half of the workforce, the union will have to concede defeat and end to the strike. Closing price 1362.50p (Bloomberg)
Sainsbury's PLC (SBRY.L) - Is to cut up to 400 jobs in a restructuring of its store operations, seeking efficiency savings to finance price cuts so they can better compete with discounters Aldi and Lidl, who have won market share in recent years. Closing price 261.40p (Reuters)
For more information on any of these individual news items, call into the trading floor
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