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
City of London will be hosting its annual Wealth Management awards next month.
We hope your experience with Accendo Markets over the past 12 months warrants a vote in the following category; “BEST EXECUTION ONLY CFD PROVIDER”
Melrose (MRON.L) – Reported a 38% increase in full-year profit but said its order book in its energy business continued to be weak. Pre-tax profit rose to £214.3mn in 2012 from £154.7mn a year earlier.Closing Price 260.00p (Reuters)
Admiral Group (ADM.L) – Group profit before tax up 15% at £345m (2011: £299m) Total dividend to 90.6p per share up 20%. International car insurance turnover up 33% to £163m with customers up 42%. Sees trading environment for confused.com even more challenging in 2013.Closing Price 1267.00p (Reuters)
Legal & General Group (LGEN.L) – EPS up 12% to 13.90p. Profit after tax up to £801m (2011: £721m) Full year dividend up 20% to 7.65p per share. Operating profit up to £1,087m.. Net cash up to £865m (2011: £846m))Closing Price 162.70p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| John Wood Group | WG.L | 7.92% | 10.09% | 2.24% |
| Standered Chartered | STAN.L | 3.20% | 4.52% | 0.22% |
| Xstrata | XTA.L | 6.78% | 7.64% | -0.49% |
| Tullett Prebon | TLPR.L | 7.78% | 8.18% | -3.16% |
| Meggit | MGGT | 2.37% | 4.60% | 0.26% |
| Tracsis | TRCS.L | 0.00% | 0.00% | -1.50% |
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