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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
Barclays (BARC.L), Lloyds (LLOY.L), HSBC (HSBA.L), Royal Bank Of Scotland (RBS.L) - Federal Reserve Chair Janet Yellen will defend the U.S. central bank's first rate hike in a decade and likely insist that further rises this year remain on track, albeit at a slower pace. Financial markets are keen to know if she has absorbed their message to her: stifle your rate hike plans. Closing prices 156.25p, 58.13p, 432.50, 225.60p (Reuters/Bloomberg)
SAB Miller (SAB.L) – Japan's Asahi Group Holdings has agreed to buy SABMiller's Peroni and Grolsch beer brands and is likely to pay over 400 billion yen ($3.5 billion), the Nikkei business daily reported. Closing price 4122.00p (Reuters)
Bellway (BWY.L) – Reports further volume growth, with an 11.6% rise in number of completions to 4,188 (2015 - 3,754), average selling price rose by 17% to a record £257,000 (2015 - £ 219,343) and remains on target to increase volume by around 10% this financial year. Closing price 2483.00p (Reuters)
Tullow Oil (TLW.L) - Reported job cuts totaling 37%, delivering cash savings of around $500m over three years. 2015 revenue down 27% year on year at $1.607bn. 52% 2016 oil production hedged at average floor price of around $75/bl. The board is recommending no dividend be paid. Closing price 161.50p (Reuters)
ARM Holdings (ARM.L) – Reported a pre-tax profit of £138.7m, a 14% increase and a 17% rise in Q4 profit as its latest processor designs continued to win market share. Royalty revenues, rose 24% in the quarter year-on-year, in contrast to a 3% drop in relevant industry revenue. Closing price 940.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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