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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
Johnson Matthey Plc (JMAT.L) –Saw full year revenue climb 12% to £12.03bn, pretax profit was up 19% at £461m from £386.3m a year ago and is increasing the dividend by 5%. Sales growth to be in line with expectations of 6%. Closing price 3112.00p (Reuters)
Petrofac Ltd (PFC.L) – Credit rating agency Moody’s have Cut Petrofac to Junk with a negative outlook, reflecting an announcement by Serious Fraud Office that it’s investigating the company as part of a further inquiry into Monaco-based consultancy group Unaoil. Closing price 380.00p (Bloomberg)
Anglo American (AAL.L), BHP Billiton (BLT.L), Rio-Tinto (RIO.L) - A deeper iron ore sell-off occurred after a miserable May, Iron Ore Futures in Asia fell to the lowest level in seven months as rising concern about increased supplies steamrollered positive signs, including data from China that may signal record steel output. Closing price 1031.50p, 1173.00p, 3102.50p (Bloomberg)
Barratt Developments (BDEV.L), Bovis Homes Group (BVS.L), Persimmon (PSN.L), Taylor Wimpey (TW.L) - House prices fell for a third consecutive month in May for the first time since 2009, according to a survey from Nationwide, underlining the housing market's slowdown since last year's EU vote. Prices fell 0.2% m-o-m in May, compared with a 0.4% drop in April, providing further evidence that the housing market is losing momentum said the mortgage lender. Closing prices 612.50p, 912.00p, 2455.00p, 203.10p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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