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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
Tullow Oil (TLW.L) – Has enough cash to weather low oil prices this year. The company booked impairments and exploration write-offs totaling $1.15bn last year but said it expected full-year gross profit of $600 million on revenue of $1.6 billion. It cut estimated 2016 capital expenditure to $1.1 billion from $1.2 billion previously. Closing price 123.10p (Reuters)
Sainsbury’s (SBRY.L) - Reported a better-than-expected performance in its Christmas quarter and upgraded its sales forecast for the second half. Sales at stores open over a year fell 0.4%, excluding fuel, in the 15 weeks to January 9th, its fiscal third quarter. That compared to analysts' average forecast of a fall of 0.7% and a second quarter decline of 1.1%. Sainsbury's said it now expects its like-for-like sales in the second half of the year to be better than the first. Closing price 251.2p. (Reuters)
Ted Baker Plc (TED.L) - Announces 10.6% increase in retail sales for 8 week period from Nov 15 2015 to Jan 9 2016 and its E-commerce business performed well with sales increasing 39.1% reflecting a good performance across all of group's websites. Closing price 2700.00p (Reuters)
Shire (SHP.L) - The chief executive of Shire suggested that the company could achieve much higher cost savings from its planned $32 billion acquisition of Baxalta than what was announced with the deal on Monday. Closing price 4114.00p (Reuters)
Barratt Developments Plc (BDEV.L) – Said overall, market conditions are good and they remain confident in outlook for full year, Total completions up 9.4% 7,626, average selling price up 10.8% £254k. Closing price 609.50p (Reuters)
For more information on any of these individual news items, call into the trading floor
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