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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
Glencore (GLEN.L) – Full year 2017 marketing EBIT guidance now $2.3-2.6bn (previously $2.2-2.5bn) Q1 copper production 3% down on Q1 2016. Q1b zinc production of 279,200 tonnes was 9% up on Q1 2016, mainly reflecting mine plan sequencing at Antamina. Q1 nickel production of 24,900 tonnes down 10% on Q1 2016. Q1 attributable ferrochrome production of 439,000 tonnes 10% up on Q1 2016, reflecting operating efficiencies. Q1 coal production of 30.9m tonnes was 4% up on Q1 2016, reflecting stronger coking coal production. Sees FY zinc production 1,190 ± 25 kt, FY copper production of 1,355 ± 25 kt, lead production of 300 ± 10 kt, nickel production of 120 ± 4 kt, FY ferrochrome production of 1,650 ± 25 kt, coal production of 135 ± 3 mt. Closing Price 286.80p (Reuters)
HSBC (HSBA.L) - Reported better than expected first-quarter profits and capital position, boosting the lender's share price in Hong Kong as the bank seeks to move from restructuring to growth. HSBC's shares rose 2% in Hong Kong following the announcement. Closing Price 645.20p (Reuters)
Imagination Technologies (IMG.L) – Has been unable to make satisfactory progress with Apple to date regarding alternative commercial arrangements for the current licence and royalty agreement and therefore have commenced the dispute resolution procedure under the licence agreement with a view to reaching an agreement through a more structured process. Closing Price 96.75p (Reuters)
Next (NXT.L) – Has lowered the top end of its profit forecast for the year on. It now expected pretax profit for the year to come in between £680m and £740m. Previously the upper end of its guidance was set at £780m. Closing Price 4410p (Reuters)
Randgold Resources (RRS.L) – Profit for the quarter fell 10% to $84.9m while production reached 322,470 ounces which represented a 15% decline compared to the previous quarter. Compared to the same period a year ago, profit jumped 33% as production increased by 10%. They ramped up production last year to record levels as the gold price rallied and also made cost savings. Closing Price 6610p (Reuters)
Royal Dutch Shell (RDSA/B.L) – Net income in the quarter, based on a current cost of supplies (CCS) and excluding exceptional items rose 136% to $3.86bn vs. $3.05bn expected. A year ago, net income was $1.55 billion. A near 55 percent rise in oil prices in the first quarter compared with a year earlier to around $54 a barrel was the main driver in the growth in earnings. Closing Prices 2018p & 2060.50p respectively (Reuters)
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