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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
BP., (BP.L), Cairn Energy PLC (CNE.L), Royal Dutch Shell (RDSB.L), Tullow Oil (TLW.L), Premier Oil (PMO.L) - Oil prices were lifted by reports of Saudi supply cuts to Asia. Gains were capped by a lack of detail about reductions because of signs of rising supplies from other producers. Traders say the rise in prices was a result of mounting reports that Saudi Arabia, the world's top oil exporter, was cutting crude supplies slightly from contracted volumes. Closing prices 511.70p, 239.00p, 2338.50p, 322.70p, 90.00p (Reuters)
Cobham (COB.L) – Said it made £245m in trading profit in 2016, at least £10m short of its target, and as a result of poorer than expected trading would scrap its final dividend. Closing price 164.60p (Reuters)
Sainsbury (SBRY.L) – Combined Q3 like-for-like retail sales ex-fuel are up 0.8% against an estimate to be down 0.9%, beating expectations, with its Argos arm showing strong sales up 4% beating estimates of a 1% climb, but warms of a very competitive market and sterling devaluations. Total group sales up 1%. Closing price 258.80p (Bloomberg)
Taylor Wimpey (TW.L) – Reports good progress in performance in 2016 and to show more progress throughout 2017. Total home completions increased by 4% to 13,881 and overall average selling price was up 11% to £255k however its order book ended year at £1.68bn at Dec. 31, against £1.78bn in 2015 down 5.6%. Closing price 174.90p (Bloomberg)
Ted Baker (TED.L) – A 17.9% (10.6% constant currency) increase in retail sales for 8 week period from 13th Nov 16 to 7th Jan 17. Gross margins were in line with our expectations and we expect to end year with a clean stock position. Closing Price 2649p (Reuters)
Tullow Oil (TLW.L) - 2016 full-year revenue is expected to have fallen 19% year on year to $1.3bn as weak oil prices continued to eat into sales. Chief Operating Officer Paul McDade will be its next chief executive, replacing CEO and founder Aidan Heavey who will become chairman. Closing Price 322.70p (Reuters)
For more information on any of these individual news items, call into the trading floor
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