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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), Cairn Energy (CNE.L), Royal Dutch Shell (RDSb.L), Tullow Oil (TLW.L), Premier Oil (PMO.L) - Saudi and Russian officials jointly said the OPEC production cuts will likely be extended to end-Q1 2018. Cuts need to be rolled out beyond the original 6-month period because global inventories won't be down to the 5-year average by the end of June. An official decision will be announced on May 25. Closing prices 460.00p, 192.60p, 2193.50p, 195.10p, 59.00p (Dow Jones Newswires)
Centamin (CEY.L), Fresnillo (FRES.L), Hochschild Mining (HOC.L), Lonmin (LMI.L), Randgold Resources (RRS.L) - Spot-gold prices climbed higher in early Asian trading. North Korea's latest missile launch and a potential further rebound in oil after Russia and Saudi Arabia agreed to extend production cuts could cause some focus anew on inflation. Gold remains near 7-week lows, up just shy of 1%. Closing prices 159.20p, 1521.00p, 254.50p, 112.25p, 7225.00p (Dow Jones Newswires)
Lonmin PLC (LMI.L) – Will announce results later this morning. However, ongoing protests outside 2 of its shafts near Bapong continue. The company has lost approximately 5,830 ounces of platinum production--about $4.2m worth--since the protests began nearly 2 weeks ago. The shares have slumped 31% the past year due to low platinum prices. Closing price 112.25p (Dow Jones Newswires)
TUI Group (TUI.L) - Reported a bigger than expected 30% Q2 loss of £177.7m, against a loss of £126m year on year, hit by the late timing of Easter this year, but said it was on track to meet its full-year targets despite a challenging environment. Closing price 1190.00p (Dow Jones Newswires)
For more information on any of these individual news items, call into the trading floor
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