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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
Dixons Carphone (DC.L) - Downgraded expectations for full-year profit by between 11% and 28%, initially forecast to be in range of £360m to £440m. Analysts had an average forecast £495m. Closing price 235.30p (Reuters)
CRH PLC (CRH.L) - Beacon Roofing Supply Inc. has agreed to buy an interior building-products division from CRH for $2.63bn. The acquisition is expected to add to earnings in year 2 of ownership, with annual $110m in cost savings earmarked from the combinations. Closing price 2690.00p (Bloomberg)
Premier Oil PLC (PMO.L) – Premier Oil has raised its 2017 production forecast by up to 7% on the back of a forecast-beating performance at its fields that also improved its cash flow and helped it pay down debt. Closing price 56.75p (Reuters)
WPP PLC (WPP.L) – Saw its biggest drop in 17 years after it cut its full-year revenue forecast amid lower spending by manufacturing customers, who collectively making up one third of its revenue. The stock fell as much as 13% after stating revenue growth is expected to be between 0 and 1% in 2017, down from an earlier 2% forecast. Closing price 1420.00p (Bloomberg)
Carnival (CCL.L), Easy Jet PLC (EZJ.L), Thomas Cook Group PLC (TCG.L), TUI AG (TUI.L) - The pound is headed for its weakest close against the euro since 2009. U.K. companies were increasingly cautious on investing amid Brexit concerns. Sterling fell for a fourth day against the euro as a report from the REC showed its index of economic conditions had slipped to the lowest this year. Closing price 5345.00p, 1270.00p, 124.80p, 1330.00p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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