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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), Cairn Energy (CNE.L), Royal Dutch Shell (RDSb.L), Tullow Oil (TLW.L) Premier Oil (PMO.L) - Oil tanked over 5.5% yesterday and, despite prices rebounding marginally in early Asian trading, prices remain under pressure amid US government data showing record-high inventories and production remaining above 9m bpd. Industry analysts expect OPEC will need to extend supply cuts beyond midyear in order to meaningfully reduce the surplus. Closing prices 460.70p, 218.30p, 2225.50p, 262.50p (Bloomberg)
Aviva (AV..L) – Operating profit £3bn up 12%, full year dividend 23.3pp share aiming to increase this by end of 2017 and they are confident they can deliver on objectives. Closing Price 511p (Bloomberg)
BT Group PLC (BT.A.L) & Rio Tinto (RIO.L) – Rio Tinto Chairman Jan du Plessis is set to step down and take up the chairmanship of BT Group. Closing Prices 328.50p, 3261.00p (Financial Times)
Domino's Pizza (DOM.L) – Said full-year operating profit rose 17.1% as online and mobile orders surged. Underlying pretax profit rose to £85.7m in the 52 weeks ended Dec. 25 from £73.2m a year earlier. Sales at UK stores open for 2 years rose 7.5% in the period. Closing Price 394p (Reuters)
DS Smith PLC (SMDS.L) – Saw business performed in line with expectations, continuing to build on the progress made in H1. Growth has been particularly strong from its e-commerce businesses and the outlook remains positive, despite ongoing challenging economic conditions. There is continued anticipation for performance to be in line with medium term financial targets. Closing price 446.80p (Bloomberg)
Royal Dutch Shell (RDSb.L) - Is to sell all of its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project to 10% from 60%. The combination of two transactions will result in a net $7.25bn for the company, the proceeds of which will be utilized to pay down debt. Closing price 2225.50p (Bloomberg)
WM Morrison (MRW.L) – Sales, excluding fuel, up 2.5% missing forecast of 2.7% expected. Adjusted pre-tax profit £337m (£339.4m expected) full year dividend up 8.6% to 5.43pp share. Has identified cost saving opportunities. Closing Price 247p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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