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
Tesco (TSCO.L) – Posted flat quarterly sales in its home market as £1BN of investment failed to translate into rising sales in its key home market. Sales at UK stores open over a year showed zero growth in its 2Q. That compares to analysts’ forecasts in a range of flat to down 0.5% and does represent an improvement on a first quarter decline of 1%. Closing Price 359.10p (Reuters)
Sainsbury (SBRY.L) – Met forecasts with a pick-up in quarterly sales driven by growth at local convenience stores and online, outperforming rivals including market leader Tesco. Sales at stores open over a year rose 2%, a 35th consecutive quarter of underlying sales growth, compares with analysts’ forecasts of a rise of 1.5-2.8 % and first quarter growth of 0.8%. Closing Price 390.20p (Reuters)
Domino’s Pizza (DOM.L) – Third-quarter UK sales rise 4%, Germany plans on track. Confident of meeting city expectations for the full year. Closing Price 589p (Reuters)
For more information on any of these individual news items, call into the trading floor
Stock | Code | Close | High | Low |
Unilever | ULVR.L | -3.36% | -3.36% | -4.30% |
Wolseley | WOS.L | 3.45% | 3.80% | 1.04% |
Kenz Corporation | KENZ.L | 0.46% | 1.49% | -0.21% |
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.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research