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
Balfour Beatty (BBY.L) Expect the performance of continuing businesses to exceed current market expectations for 2013. Expect on-going recovery in UK housing market to feed into increased work for regional business. Group order booked closed at £13.8bn ending period November 4th. Closing Price 285.01p (Reuters)
Associated British Foods PLC (ABF) – Reported a 13% rise in full-year profit on Tuesday with adjusted pretax profit of £1.096bn for the financial year to Sept. 14, on revenues up 9% to £13.3bn, beating average analyst expectations. Adjusted earnings per share rose 13% to 98.9p. Closing Price 2255p (Reuters)
Imperial Tobacco Group (IMT.L) Posted higher FY earnings on Tuesday despite a dip in revenue and said its chairman was stepping down. Group revenue fell to £28.27bn in 2013, from £28.57bn in 2012. Closing Price 2307.17p (Reuters)
Marks & Spencer (MKS.L) – Reported a ninth consecutive quarterly fall in underlying sales of general merchandise and also posted a fall in first-half profit – down for the third year running. First-half profit before tax and one off items was £261.6m in line with analysts’ average forecast of £262m, down from £287.3m last year. M&S said its expectations for the full-year were unchanged. Closing Price 487.10p (Reuters)
G4S (GFS.L) – Said underlying revenue had grown by 4.8% in the nine months to Sept. 30, boosted by strong business in emerging markets. Closing Price 254p (Reuters)
Legal & General (LGEN.L) – Saw higher than expected sales as it continued to build a set of bolt on acquisitions into its structure. Net inflows to its investment managament division were £3.1bn over the quarter. Closing Price 217.90p (Reuters)
InterContinental Hotels Group (IHG.L) – Global third quarter revpar growth of 3.3%, with 3.6% in the first nine months led by strong performance in our Asia, Middle East, Africa. Current trading trends give US confidence for the rest of the year. Third quarter European revpar was up 1.3% despite some tough comparatives. Closing Price 1794p (Reuters)
RSA Insurance Group (RSA.L) – warned on Tuesday that a pattern of adverse weather events across its core markets in 2013 had led to insured losses “materially above assumptions”, pushing expected full year returns on equity to under 10%. Closing Price 128.54p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Weir Group | WEIR.L | -3.68% | -2.92% | -8.47% |
| Ryanair | RYA.L | -12.79% | -8.20% | -14.26% |
| HSBC Holdings | HSBA.L | 2.28% | 3.74% | -0.51% |
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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