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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
BP (BP.L), Royal Dutch Shell (RDSb.L), Cairn Energy (CNE.L), Tullow Oil (TLW.L) – Oil futures touched new highs for 2016 and were set to post gains for a fifth straight week on growing optimism that major producers would strike a deal to freeze output next month, coupled with a low interest rate environment which also supported prices. Closing prices 359.60p, 1738.50p, 203.40p, 216.50p (Reuters)
Sainsbury (SBRY.L) - Investors expect Sainsbury's to offer as much as £.5bn for Argos ahead of a Friday deadline, as the supermarket considers trumping a rival South African bid for the catalogue shop, The Guardian reported. Closing price 281.50p (Reuters)
Berkeley Group Holdings (BKG.L) - Housing market has remained stable over period Nov1 2015 – 29 Feb 2016, cash due on forward sales remaining in excess of £3bn, reservations are approximately 4% lower than in 2014/15, on course to deliver £2bn of pre-tax profit, board anticipates results will be at top end of expectations. Closing price 3257.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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