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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
Royal Bank of Scotland (RBS) - Is on the brink of an imminent minimum £3.5bn settlement with US regulators over the mis-selling of toxic mortgage bonds. RBS could reach a deal with the Federal Housing Finance Agency (FHFA) as soon as this week, removing one of the biggest remaining obstacles to a resumption of the sale of the Government's stake in the bank. Closing price 255.70p (Bloomberg/Sky News)
Associated British Foods (ABF.L) – Saw strong performance at Primark in Q3 and has slightly improved its outlook for the full year, with 13% higher sales growth with 9% higher sales than this time last year. Closing price 2922.00p (Bloomberg)
Bovis Homes Group PLC (BVS.L) - Completion volumes for the full year to be lower, between 10%-15% below the 2016 level. H1 profitability has been affected by increased build costs and higher investment across the business to address legacy issues, and a further £3.5bn provision has been put aside to a total of £10bn for legacy issues. Closing price 969.50p (Bloomberg)
Centamin (CEY.L), Fresnillo (FRES.L), Randgold Resources Ltd (RRS.L) - Tensions escalated yesterday as the US cautioned it was ready to use force if need be to stop North Korea's nuclear missile programme but also said it preferred global diplomatic action against Pyongyang for defying world powers by test launching a ballistic missile that could hit Alaska. Closing prices 156.00p, 1472.00p, 6830.00p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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