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), Royal Dutch Shell (RDSB.L), Tullow Oil (TLW.L), Cairn Energy (CNE.L), Premier Oil (PMO.L), Weir (WEIR.L) – Money managers and producers made the biggest bets on US crude prices in nine years totaling 1.47m contracts, signaling more volatility - Donald Trump’s election and OPEC continued negotiations on a deal to cap output, the U.S. dollar climbed to the highest since January. A measure of oil volatility surged last week to a seven-month high, signs traders were anticipating bigger price swings. Closing prices 447.65p, 2069.50p, 267.80p, 192.50p, 55.00p, 1746.00p (Bloomberg)
Mitie Group PLC (MTO.L) – H1 impairment charges and intangibles write-offs result in company issuing a profit warning. Revenue falls 2.6% to £1.09bn, with its operating profit pre-items down by 39.1% to £35.4m, a pretax loss of £100.4m vs £45.1m pretax profit year on year. Earnings for 2017 to be below previous expectations. Closing price 210.00p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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