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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
Antofagasta (ANTO.L) - Copper production for Q1 rose 9% on an improved performance at two of its mines and it kept its output target for the year unchanged. Though achieving a 9.4% increase to a year ago, it fell 16.4% compared to Q4 2016 due to lower grades. Closing price 838.00p (Reuters)
Boohoo.com (BOOH.L) - Made a pre-tax profit of £30.9m, 7% higher than estimates, reporting a doubling in annual profit driven by robust demand in its home market and overseas, particularly in the US. Revenue rose 51% to £294.6m, making "a promising start" to 2017, as it forecast revenue growth for the year of about 50%. Closing price 189.75p (Reuters)
Fresnillo Plc (FRES.L) – Say its Q1 silver production of 13.5moz is up 10.7% y-o-y and is on track to meet full year production guidance. However Gold production was down 3.3% y-o-y but due to meet gold production guidance for the year. Closing price 1503.00p (Reuters)
GKN PLC (GKN.L) – Achieved good organic sales growth for Q1. Growth in Auto’s was better than expected but aerospace slightly lower than planned. Although growth is expected for 2017, it warned that encouraging growth rate achieved to date may not be sustained as year progresses and comparators get tougher. Closing price 366.10p (Reuters)
GlaxoSmithKline PLC (GSK.L), Standard Chartered (STAN.L) – due to report their numbers at 12:00pm GMT & 09:30am GMT today.
Tullow Oil (TLW.L) - Cut its debt in Q1 by $200m, after a $750m rights issue last month. Net debt fell to $4.6bn by the end of March, down from $4.8bn at the end of last year. Closing price 217.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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