This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
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
BHP Billiton (BLT.L) – The new chairman has focused on return of capital and cash flow. BHP may set a dividend payout ratio of at least 70% for 2017, “substantially above” its minimum target of 50%, analysts wrote, with the company’s investments expected to be held at $6.4bn a year for the next 2-3 years. Closing price 1322.50p (Bloomberg)
British Land Company PLC (BLND.L) – Plans a £300m share buy-back scheme, allocating capital to buy back shares against backdrop of continuing strong demand in investment markets, forward leasehold agreements increasing and renewal lettings up 7.8% in Q1. The CEO says the share buy-back represents a clear value opportunity. Closing price 604.00p (Bloomberg)
Carillion PLC (CLLN.L) – After yesterday’s £1.4bn HS2 contract win and the appointment of accountants EY to help its recovery drive, the stock rose 22%. Today, another two contracts have been awarded by the Defence of Infrastructure, valued at £158m. Closing price 66.90p (Dow Jones Newswire)
Experian PLC (EXPN.L) – Says it started the year in line with company expectations, with total revenue growth from ongoing activities up 6% and organic revenue growth of 4%. Closing price 1564.00p (Bloomberg)
Rio-Tinto PLC (RIO.L) – Lowered its forecast for shipments of iron ore in 2017 by up to 10m tonnes due to bad weather and ongoing work to modernise its rail haulage lines. Closing price 3472.50p (Bloomberg / Reuters)
For more information on any of these individual news items, call into the trading floor
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