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
BP PLC (BP.L), Royal Dutch Shell PLC (RDSb.L), Tullow Oil PLC (TLW.L) – OPEC meeting concludes today, Oil prices climbed higher as OPEC moved closer to a deal on output after the Iranian Oil Minister said earlier that he does not think OPEC can reach an agreement on an output increase. Closing prices 559.50p, 2618.50p, 227.30p
Centamin PLC (CEY.L), Fresnillo PLC (FRES.L), Hochschild Mining (HOC.L), Randgold Resources (RRS.L) – After a turbulent week started with trade war concerns with hostilities increasing between the US and China on trade tariffs, Europe also threw its hat in to the ring this week with a retaliatory swing to the US imposed tariffs. Traders may seek safe-haven assets heading in to this weeks close. Closing prices 115.05p, 1140.00p, 188.10p, 5618.00p
Playtech (PTEC.L) – gets Italian regulatory approval for mandatory full takeover of Snaitech. Closing price 757.4p
Gulf Keystone (GKP.L) – agrees with KRG and MOL to increase Shaikan gross production to 55K bopd over 12-18 months (2017 avg. 35K); continues to negotiate with both parties, hoping for Q3 clarity on amendments to production sharing contract. Closing price 214.5p
(Sources: Company newswires, Bloomberg, CNBC, FT, Reuters, Wall Street Journal)
For more information on any of these individual news items, call into the trading floor
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Prepared by Michael van Dulken, Head of Research