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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
Anglo American (AAL.L), BHP Billiton (BLT.L), Rio-Tinto (RIO.L) - Iron ore futures have surged 7% today, reversing January-lows touched in the previous session Large gains are seen for iron ore for a second session alongside steel. Trump launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs. Closing prices 1136.50p, 1203.00p, 3068.00p (Reuters)
Diageo PLC (DGE.L) - Plans to cut around 100 jobs in Scotland, with Britain's workforce facing ongoing uncertainty over the nation's impending exit from the EU. Closing price 2204.00p (Reuters)
Reckitt Benckiser PLC (RB.L) - Said sales rose 15% in Q1 to £2.64bn, however, after currency fluctuations, acquisitions and disposals, sales were flat, hurt by the ongoing fallout from weak markets in Europe, North America, a South Korean safety scandal and a failed new Scholl product. Growth is still expected to hit the 3% target for the year. Closing price 7275.00p (Reuters)
Sports Direct (SPD.L) - Wins approval to acquire roughly 50 stores in the US including assets of Eastern Outfitters LLC, which include Bob’s Stores and Eastern Mountain Sports businesses, for $101m in cash. The purchase of the stores, which sell mostly sports, casual wear, outdoor camping equipment and clothing is expected to be completed in the first half of May. Closing price 315.00p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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