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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
Burberry (BRBY.L) - Reported a 3% drop in like-for-like sales in a "challenging" Q1, however showing a flat retail sales print of £423m beating analysts' expectations. The company is attempting to counter sales downturn in China, Hong-Kong and lower tourist numbers in Europe due to terrorism but bolstered by a weaker Pound helping profit by circa £90m. Closing price 1203.00p (Reuters)
Barratt Developments (BDEV.L) – Pre-tax profit coming in at £680m, 20% higher in line with expectations. It was reducing risk and reassessing some of its land approvals needed to build homes. Increasing its build volume by 5% in the year to June to 17,319 homes, but stated it was too early to assess the impact on business due to Brexit. Closing price 413.30p (Reuters)
BP (BP.L), Royal Dutch Shell (RDSb.L), Tullow Oil (TLW.L), Cairn Energy (CNE.L), Premier Oil (PMO.L), Weir Group (WEIR.L) - Crude saw its biggest daily gains yesterday of 5% since April 8th, but fell back in early trading on Wednesday as investors locked in gains, partly on forecasts from the U.S. government and OPEC that demand would fall this year but increase in 2017. Closing prices 461.80p, 2130.50p, 226.80p, 210.80p, 72.00p, 1509.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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