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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
Associated British Foods (ABF.L) - Reported a 4.5% beat on expectations for operating profit at £652m for the six months to March versus £623m expected, as well as a 34% beat y-o-y. Showed a 36% rise in H1 profit, driven by a recovery at its sugar business and a resilient performance at Primark, its discount fashion retailer. Closing price 2718.00p (Reuters)
Burberry (BRBY.L) – Sees a slowdown in Q4 comparable sales growth rate, as tough conditions in the US weighed on an "exceptional" performance in its home market. Weaker sterling has helped the company however comparable sales growth rose just 2% in Q4, missing analysts' forecast of 3-4% growth. Closing price 1701.00p (Reuters)
Polymetal International PLC (POLYP.L) – Said Q1 revenue had risen by 4% y-o-y to $298m due to higher production and higher gold prices. Alexander Nesis said its gold equivalent production, a mixture of gold and other metals, rose by 8% over the same period to 280,000 troy ounces. Closing price 1069.00p (Reuters)
BP PLC (BP.L), Royal Dutch Shell (RDSb.L), Cairn Energy (CNE.L), Premier Oil PLC (PMO.L), Tullow Oil PLC (TLW.L) - Keep an eye on crude oil prices today as some oil stocks fell as much as 3% yesterday. Crude futures have slipped further in Asian trading, building on another session of declines overnight. The market is discouraged by Saudi Arabia's noncommittal stance towards extending the output cuts while also weighing is API inventory data, saying US gasoline supplies rose last week. DOE oil inventories are due out today for further indications on supply. Closing prices 452.60p, 2125.00p, 200.10p, 64.00p, 218.00p (Dow Jones Newswire)
For more information on any of these individual news items, call into the trading floor
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