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Movers & Shakers - 30 June 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

Tullow Oil (TLW.L) – Cuts its 2016 west Africa oil production forecast by around 12,000 bpd to 62-68,000 bpd, about 15-16% of the jubilee Oil field output in Ghana following a technical issue. The cost to do so would be between $100-150m plus another $200m over the next two years. Closing 252.90p (Reuters)

John Wood Group Plc (WG.L) – Maintains overall outlook for full year with earnings guidance of around 20% down on 2015 as given in May, with an intention to increase dividend per share by a double digits percentage for 2016. Closing price 670.50p (Reuters)

Anglo American (AAL.L), Antofagasta (ANTO.L), Glencore (GLEN.L), Kaz Minerals (KAZ.L) – Copper hovered near its highest in eight weeks on Thursday with the dollar easing following recent gains in the wake of Britain’s EU ‘Leave’ vote. Closing prices 696.90p, 443.00p, 146.70p, 125.40p (Reuters)

Legal & General Group (LGEN.L) – books £4.0bn of retirement new business sales in h1 2016, as lifetime mortgages overtake individual annuities. New bulk annuity transactions totalling circa £250m were executed in June, minimal disruption caused by uncertainties over the EU Referendum. Closing Price 188.70p (Reuters)

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

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