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
Astrazeneca (AZN.L) – said on Tuesday it expected to return to growth after a wave of drug patent expiries earlier than analysts currently forecast, with 2017 revenue likely to be broadly in line with the 2013 level. The group has particularly high hopes for its cancer research, where it has started trials for immunotherapy combination treatments for which the first results are anticipated in 2014/2015. Closing price 3663p. (Reuters)
Michael Page International (MPI.L) – Fourth quarter gross profit of £125m, down 1.2%. Group gross profit from permanent recruitment in the fourth quarter was £93.6m, down 2.9% Gross profit from temporary recruitment in the fourth quarter was £31.4m, up 4.3%. Closing Price 489.1p (Reuters)
Ashmore Group (ASHM.L) – Net outflows total $3.5bn in Q2. Assets under management declined to $75.3bn. Closing Price 408.8p (Reuters)
IG Group (IGG.L) – First half revenue up 8% at £182.7m. Profit before tax for six months to end November up 17% to £95.1m. Proposes interim dividend of 5.75pence per share, unchanged on prior year. Closing Price 627p (Reuters)
Sirius Minerals (SXX.L) – Entered into new planning performance agreement with North York Moors National Park Authority * Agreement to secure on-going pre-application engagement before co submits planning application by July. Closing Price 13.5p (Reuters)
ASOS (ASC.L) – Retail sales rose 38% to £335.7m pounds in the four months to to Dec. 31. That compares with a rise of 47% in the fourth quarter of the 2012-13 year and analysts’ consensus forecast for growth of 36%. ASOS said retail gross margin rose 90 basis points year-on-year in the period, reflecting tighter stock control. Closing Price 6860p (Reuters)
Countrywide (CWD.L) – Q4 total income £171m up 25%. FY 2013 £584.8m up 11%. Profit for 2013 at the top end of our expectations, Confident that we will deliver our current profit expectations for 2014.Closing Price 619p (Reuters)
Barratt Developments (BDEV.L) – Private completions were up 22.7%. Private reservations increasing by 36.7%. Margins are expected to increase in line with expectations. Total forward sales at 31 December 2013 were up by 70.6% .Closing Price 381p (Reuters)
MoneySupermarket.Com (MONY.L) Expects F-Y revenues to increase around 10% to £225.5m. Adjusted EBITDA to be around £84m, an increase of approximately 26%. Trading in the Q4 was in line with expectations. Closing Price 198.50p (Reuters)
For more information on any of these individual news items, call into the trading floor
Stock | Code | Close | High | Low |
Greene King | GNK.L | 2.90% | 3.74% | -1.00% |
HomeServe | HSV.L | 4.18% | 4.32% | -2.16% |
Igas Energy | IGAS.L | 17.63% | 18.79% | 8.82% |
Sports Direct | SPD.L | -1.12% | 0.65% | -1.59% |
Debenhams | DEB.L | 5.03% | 6.56% | 1.72% |
Amec | AMEC.L | 2.41% | 5.00% | -2.87% |
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