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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
British Telecom (BT.A) – Telecoms regulator Ofcom has notified the European Commission on its intent to implement separation between BT.A and Open Reach and says its proposal requires BT’s infrastructure arm to become a distinct company with its own board. Closing prices 350.30p (Bloomberg)
Cranswick (CWK.L) – Reports H1 cap-expenditure of £24m to support growth, revenue is up by 15.9% at £580.8m against £501.0m in 2015. EPS up 16% y-o-y, net debt has reduced by nearly 40% and the interim dividend per share is up 13%. Further acquisitions have strengthened the groups position and far east operations remain strong. Closing price 2285.00p (Bloomberg)
Merlin Entertainments (MER.L) – May cut more than 70 Jobs in Alton towers as softer than expected trading conditions in Florida remain challenging, but anticipates reporting good profit growth in 2016, in line with expectations. Closing price 436.50p (Bloomberg)
Royal Dutch Shell (RDSB.L) – Is considering selling its oil fields in Iraq as part of its global $30bn asset disposal programme. Closing price 2072.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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