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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
Berkeley Group Holdings (BKG.L) – Expects to post a nearly 40% rise in pre-tax profits to £730m in the 12 months to the end of April, according to a Thomson Reuters poll. Reservations, when buyers pay a fee to take properties off the market, fell 16% between August and February after the EU vote but picked up over the last two months. Closing Price 2963p (Reuters)
Glencore (GLEN.L) - Has hired a senior banker from Morgan Stanley, two sources familiar with the matter told Reuters, as the mining giant looks at investments and acquisitions again after two years of belt tightening due to low commodities prices. Closing prices 341.40p (Reuters)
Panmure Gordon & Co. (PMR.L) – Atlas Merchant Capital and QInvest said they have reached a deal which would value Panmure Gordon at around £15.5m or 100p a share. Qinvest already owns 43% of Panmure Gordon, a 141-year-old stockbroker and investment bank which focuses on small and mid-sized UK companies. If successful the bid would see Bob Diamond's first involvement with a City of London firm since he left Barclays in 2012 during the Libor scandal. Closing Price 59p (Reuters)
Tullow Oil (TLW.L) – Is to apply a rights issue which has been fully underwritten to raise gross proceeds of approximately £607m during 2017, underlying cash operating costs per barrel are materially in line with those achieved during 2016 financial year. Closing Price 243.17p (Reuters)
For more information on any of these individual news items, call into the trading floor
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