This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
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), Premier Oil PLC (PMO.L), Royal Dutch Shell (RDSb.L), Tullow Oil PLC (TLW.L) - U.S. oil prices rose more than 2% in early Asian trading, recovering from a three-month low, after industry data showed a surprise drawdown in U.S. crude stockpiles and Goldman Sachs put a positive spin on OPEC's compliance with output cuts. Closing prices 457.00p, 54.75p, 2183.50p, 234.30p (Reuters)
BHP Billiton (BLT.L) - The Escondida copper mine in Chile plans to restart operations after striking workers again rejected an invitation to return to negotiations by BHP Billiton, according to an executive. Closing price 4854.50p (Reuters)
Hikma Pharmaceuticals (HIK.L) – Reports FY group revenue of $1,950m, up 35%. Group revenue in 2017 expected to be around $2.2bn. FY group core operating profit of $419m, up 2%. FY EBITDA $473m versus $454m last year. "We expect generics business to achieve significant growth in revenue and profitability in coming years" Closing Price 2126p (Reuters)
Lloyds Banking Group (LLOY.L) – The British government has reduced its stake to just below 3%, putting the lender on track to be back in private ownership within the next few months. Closing Price 67.85p (Reuters)
Polymetal International Plc (POLYP.L) - Its board of directors have approved a revised dividend policy. Regular dividends will be paid in amount of 50% of underlying net earnings for the period previously 30% on a semi-annual basis and will also consider the potential for a special dividend on an annual basis. Closing price 928.50p (Reuters)
For more information on any of these individual news items, call into the trading floor
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Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research