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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
AstraZeneca PLC (AZN.L) – Is looking to raise $2bn in a three part debt offering via a bond issue which could also include the refinancing of its existing debt structure. Closing price 5343.00p (Bloomberg)
Antofagasta PLC (ANTO.L), Anglo American (AAL.L)), Glencore PLC (GLEN.L), KAZ Minerals (KAZ.L), Vedanta Resources (VED.L) – Antofagasta CEO said Copper’s prospects should brighten next year on supply constrictions, as China moves to cut leverage in its financial markets. Prices will increase “progressively” as the market tightens in 2018 after largely being in balance this year. Supply growth is stalling as prices remain short of the $2.80 to $3 a pound needed to incentivize new mines.. Closing prices 776.50p, 1026.00p, 283.40p, 471.20p (Bloomberg)
Easyjet PLC (EZJ.L) – Saw its May load factor at 91.5% in line with expectations, with passenger numbers climbing higher, up 9% to 7.5m. Closing price 1344.00p (Bloomberg / Reuters)
Aggreko Plc (AGGK.L) - Said CFO Carole Cran had tendered her resignation after 13 years in the role. The company said it would initiate a process to identify her successor and Cran would leave within the next 12 months. The company was recently hit by weaker commodity prices has been hit by lower demand for its generators from North American oil and gas customers. Closing price 875.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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