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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 PLC (BP.L), Royal Dutch Shell (RDSb.L), Cairn Energy (CNE.L), Premier Oil PLC (PMO.L), Tullow Oil PLC (TLW.L) - Oil futures have dipped on worries about global oversupply after an eleventh straight weekly increase in the U.S. rig count pointed to rising U.S. shale production, although prices remain near Friday's highs 3-week highs. Closing prices 457.55p, 2184.50p, 204.50p, 63.00p, 234.00p (Reuters)
G4S Plc (GFS.L) – Disposes of its Youth Services Llc for $56.5m to BHSB Holdings Inc paid in cash. Closing price 304.30p (Reuters)
Lloyds Banking Group PLC (LLOY.L) - The British government has reduced its holding in the bank to less than 2%, recovering over £20bn of the £20.3bn taxpayers injected into Lloyds during the financial crisis, the Treasury said in a statement. Closing price 66.32p (Reuters)
Reckitt Benckiser Group Plc (RB.L) - Is beginning a strategic review of its food business, and agreed to buy infant-formula maker Mead Johnson Nutrition Co. for $16.6bn. French’s Food is “non core” though it has a “history of outperformance,” Reckitt said it will consider all options for the business. Closing price 7286.00p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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