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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
Galliford Try PLC (GFRD.L), Bovis Homes Group (BVS.L) Redrow PLC (RDW.L) - Bovis Homes are in talks With Galliford Try about a possible merger, recently receiving written proposals from both Galliford Try and Redrow outlining potential merger proposals. However, the board concluded neither offer reflected the value of the company and have been rejected, yet discussions with Galliford Try are ongoing. Redrow declined to improve their offer. Closing prices 1573.00p, 828.00p, 498.50p (Bloomberg)
HSBC Holdings Plc (HSBA.L) - Named insurance executive Mark Tucker to succeed Douglas Flint as chairman, enlisting an outsider to oversee the bank as it overhauls management. Tucker, 59, CEO of AIA Group Ltd. and former head of Prudential Plc, will take the post on Oct. 1. HSBC is restructuring to adapt to tougher regulations. Closing price 666.70p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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