This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
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
UK Index /DAX/Wall St – Markets could see increased volatility today as the U.S. formally imposes tariffs of $34bn on Chinese imports, which sparks a promise from China for swift retaliation. Closing prices 7603, 12464, 24356. (Bloomberg/WSJ)
Inmarsat (ISAT.L) – U.S. satellite group Echostar seeking engagement of board of Inmarsat after latest offer worth £2.45bn was rejected. The latest offer for Inmarsat shares valued company at 532p in cash and stock. Closing price 528p. (Reuters)
Rolls Royce (RR.L) – Said it will sell its loss-making commercial marine business to Kongsberg Gruppen for £500m. This is the latest reshaping of the company by CEO Warreb East. Weaker oil prices have impacted the company as it supplies oil and gas companies with equipment. Closing price 986.6p. (Reuters)
BHP Billiton (BLT.L) – Negotiations between workers and Billiton at the Escondida mine in Chile are “far from reaching agreement” with less than three weeks to before the deadline. Closing price 1658.8p. (Reuters)
(Sources: Company newswires, Bloomberg, CNBC, FT, Reuters, Wall Street Journal)
For more information on any of these individual news items, call into the trading floor
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Prepared by Michael van Dulken, Head of Research