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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 (RDSA/B.L) – Energy shares soared last night in the US as President Trump signed a bill paving the way for the controversial Keystone XL and Dakota Access pipelines. He said that this would create 28,000 jobs, a mandate he has continually backed during his campaign, to create employment in the US. Closing prices 489.7p, 2199.5p/ 2293p. (Reuters)
BHP Billiton (BLT.L) – Reported Q2 iron ore production rose 9% as prices soared more than 80% in 2016 on demand from China. Production beating 5 analysts’ expectations for production of 59mtns, output was 60mtns in the three months ended Dec. 31 better than the 57mtns a year earlier. It trimmed copper output forecast by 2%. Closing price 1480.50p (Bloomberg)
BT Group (BT.A.L) - Faruqi & Faruqi LLP, a leading national securities law firm, is investigating potential securities fraud at BT Group, encouraging investors who suffered losses in excess of $100,000 investing in BT to contact the firm. Closing Price 303.00p (Reuters)
Fresnillo (FRES.L) – Record annual silver production of 50.3m/oz up 7.1%, in line with our guidance. Record annual Gold production of 935.5k/oz up 22.8% and ahead of guidance. Silver production expected to be in range of 58-61m/oz. Gold production to be in a range of 870-900k/oz. Closing Price 1482.00p (Reuters)
McCarthy & Stone (MCS.L) - Reservations in 20 weeks through Jan. 20 have contributed a further £206m to group’s forward order book, representing 5% increase year on year, outlook in line with previous guidance, but total forward sales are down 2%. Brexit vote resulted in a slowdown in market conditions. Closing price 167.40p (Bloomberg)
Tesco (TSCO.L) – Is facing a new claim for damages from an investor about its 2014 profit overstatement, the company said on Tuesday. Closing Price 192.15p (Reuters)
Rio Tinto PLC (RIO.L) - Agreed to offload most of its mines to a company controlled by China’s Yanzhou Coal Mining Co. for $2.45bn. The sale leaves the company with only two producing coal mines in the country that was once the cornerstone of its energy business after China introduced mining restrictions. Coal output in China fell 9.4% in 2016. Closing price 3615.00p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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