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Movers & Shakers - 30 August 2016

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

Petrofac Ltd (PFC.L) – Printed strong growth in revenue for H1 to $3.9bn up 21% on 2015 with record activity levels, expecting to deliver net profit in 2016 in line with expectations. Closing price 866.50p (Reuters)

BP (BP.L), Royal Dutch Shell (RDSb.L), Tullow Oil (TLW.L), Premier Oil (PMO.L) – Oil futures edge up as the U.S. dollar erased earlier gains, but doubts that producers would be able to agree to an output freeze continued to drag on prices. Closing prices 434.85p, 1972.50p, 231.20p, 73.50p (Reuters)

Antofagasta (ANTO.L), Glencore (GLEN.L), Anglo American (AAL.L), BHP Billiton (BLT.L), Rio Tinto (RIO.L) – Copper edged up from a nine-week low on Tuesday after falling for the last six sessions in a row, as the market waits on U.S. non-farm payrolls data later this week for further clues on the timing of any U.S. rate hike. Closing prices 541.50p, 185.00p, 858.50p, 1080.00p, 2467.50p (Reuters)

For more information on any of these individual news items, call into the trading floor

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

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