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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
McCarthy & Stone (MCS.L) - Expects modest growth in next two years due to 26% reduction in land exchanges and 38% reduction in planning consents in H1, following a government proposal to set ground rents. Closing price 137.70p (Reuters)
Hammerson PLC (HMSO.L) - Rejects revised proposal from Klepierre; 635pp share, 21% premium, comprising 50% in new Klépierre shares and 50% cash. Board remains open to additional offers. Closing price 525.60p (Bloomberg)
Tesco’s PLC (TSCO.L) – Q4 Like-for-like U.K. sales beat average analyst estimate of 2.2% coming in at 2.3%. Also beating expectations on operating profit by 4% at £1.64bn and revenue up marginally versus expectations. Closing price 209.30p (Bloomberg)
ASOS PLC (ASOS.L) – H1 revenues marginally missed average analyst estimate of £1.17bn, also marginally missed sales target of £1.15bn and revenue targets, however increased capital expenditure to £230-£250m. Closing price 7028.00p (Bloomberg)
Vedanta Resources PLC (VED.L) –Q4 production of 190,172 boe per day, +3% year on year. Oil and Gas segments on track for significant volume growth. Also saw record production at Zinc India and Aluminum. Closing price 706.40p (Bloomberg)
(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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