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
Greene King (GNK.L) – Retail like-for-like (lfl) sales up 5.0% in the last six weeks and 3.8% year-to-date. Expectations for profit, cashflow and our balance sheet are unchanged. Closing Price 896p (Reuters)
HomeServe (HSV.L) – Says FCA proposes a financial penalty of £34.5M (assuming an early settlement discount of 30%). Says FCA proposal higher than company’s provision, Homeserve is increasing its provision by £30M. Will now engage in discussions with the FCA over sales and marketing penalty. Closing Price 282.5p (Reuters)
IGas Energy (IGAS.L) – Will acquire a 40% interest in UK onshore petroleum exploration located in Lincolnshire, with partners egdon, dart energy and ecorp. Closing Price 107.75p (Reuters)
Sports Direct (SPD.L) Debenhams (DEB.L) – Sports Direct has acquired 56.8m shares in Debenhams, representing 4.63% of the issued share capital of the retailer. Closing Price 756p & 81.55p respectively (Reuters)
Amec (AMEC.L) Provisionally agreed to buy Foster Wheeler in cash and share deal that values the Swiss-based engineer at £1.9 bn. Closing Price 1079p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Anglo American | AAL.L | 1.88% | 3.30% | -0.04% |
| Rio Tinto | RIO.L | 0.80% | 2.41% | -1.38% |
| BHP Billiton | BLT.L | 0.48% | 1.95% | -0.31% |
| JD Sports | JD.L | 1.63% | 1.97% | -1.82% |
| Gulfsands Petroleum | GPX.L | -6.35% | -4.23% | -10.58% |
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