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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
Barclays (BARC.L), Lloyds PLC (LLOY.L), HSBC (HSBA.L), Royal Bank of Scotland (RBS.L) – The US Federal Reserve raises interest rates for the first time in 2017 and the third since the financial crisis, while signaling another two rate rises for the year. Closing prices 227.50p, 68.23p, 670.80p 237.00p (Bloomberg)
Centamin (CEY.L), Fresnillo (FRES.L), Hochschild Mining (HOC.L), Randgold Resources (RRS.L) – The price of gold rallied 2.5% over night from the Federal Reserve’s decision to raise interest rates for the first time in 2017 and the third since the financial crisis thanks to a sell off in the US dollar. Closing prices 172.30p, 1453.00p, 268.20p, 6960.00p (Bloomberg)
Anglo American PLC (AAL.L) - Anil Agarwal plans to buy as much as £2bn of the company shares in the market after a merger proposal failed last year. Would equate to about 13% of Anglo’s stock, making Agarwal the second-largest shareholder, saying it was a family investment and he won’t make a takeover bid. Closing price 1194.50p (Bloomberg)
Sainsbury PLC (SBRY.L) – Said the impact of pressures on cost prices remains uncertain and saw its Q4 like for like retail sales ex-fuel fall by 0.5% missing estimates of a climb up 0.1%, Argos sales beat estimates. Closing price 271.40p (Bloomberg)
Vodafone Group Plc (VOD.L) - Is nearing an initial agreement to merge its Indian operations with Idea Cellular Ltd in a deal that would create the largest telecom company in one of the world’s most competitive markets, announcing a preliminary agreement as soon as this month, people with knowledge of the matter said. Closing price 205.20p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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