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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
Marks & Spencer (MKS) - CEO Marc Bolland will retire in April and be succeeded by Steve Rowe, the current head of its non-food business. MKS announced poor trading in its general merchandise division, with like-for-like sales -5.8% in Q3 which covers the key Christmas period. Closing price 438.70p (Reuters)
Poundland (PLND) - Posted a 29% rise in Q3 sales to £424.9m, however lower numbers of shoppers in high street this Christmas hit its sales growth, and would result in profits coming towards the lower end of forecasts for year end. Analysts expect on average pretax profit £42.6m with forecasts between £39.8 million and £45.8m. Closing price 192.00p (Reuters)
BP.,(BP), Royal Dutch Shell (RDSb), BG Group (BG), - Oil prices continue to dive on Thursday as worries over China persist, with analysts analyzing the time it will take to work down excess supplies. Closing prices 343.45p, 1504.00p, 955.40p (WBP)
Rio Tinto (RIO), BHP Billiton (BLT), Anglo American (AAL) - Shanghai Composite Index tumbled 7.3% to 3,115.89 before new "circuit breakers" suspended trading for the day. China's government guided the yuan sharply lower, in a sign that authorities are prepared to weaken the tightly controlled currency to boost flagging exports. Closing price 1846.5p, 709.4p, 270.4p. (Reuters)
Randgold Resources (RRS) – Gold set for another positive open today as investors flock into the safe haven on market turmoil. Closing price 4328p. (Reuters)
For more information on any of these individual news items, call into the trading floor
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