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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
Anglo American (AAL.L), Antofagasta (ANTO.L), BHP Billiton (BLT.L), Glencore (GLEN.L), Rio-Tinto (RIO.L), Vedanta (VED.L) - Base metals extended their declines overnight after China's central-bank move on Friday and the Dollar stabilising saw Metals prices drop, having rallied the past year as China-driven stimulus for its infrastructure sector brought some optimism to the beaten-down sector. The PBoC's move is likely to suck out liquidity from China, potentially limiting further gains for metals according to analytical sources. Closing prices 1329.50p, 817.50p, 1385.50p, 310.80p, 3385.00p, 1046.00p (Market Talk)
Bellway (BWY.L) – Said it would build around 5% more homes this financial year, posting a 6.5% increase in the number of properties it built. Remains aware of economic uncertainty following the June 23 Brexit vote, but it was continuing to buy land for future housebuilding. Closing Price 2516p (Reuters)
BP (BP.L) – Its Q4 earnings missed 15 Bloomberg analysts' estimates after higher oil prices failed to fully compensate for lower income from refining. Profit more than doubled from a year earlier to $400m, but fell short of the $567.7m average estimate. Adjusted downstream profit which includes refining and trading, fell 28% to $877m. After turnaround costs and shutdown costs, It’s oil and gas production totaled 2.19mbpd of oil equivalent in the quarter, down 5.5% from a year earlier. Closing price 476.55p (Bloomberg)
DCC PLC (DCC.L) – Reported group operating profit for Q3 ended Dec 31 2016 was strongly ahead of prior year and in line with expectations, and for the year to March 31 2017 it continues to expect operating profit and adjusted EPS will be significantly ahead of the prior year and in line with current market consensus. Closing price 6375.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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