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
Lonmin (LMI.L) – Workers continued a wildcat strike for a second day on Wednesday, a union official said. At all the shafts at Marikana, nobody reported for night shift and nobody reported for day shift this morning”. Closing Price 265.10p (Reuters).
Compass Group (CPG.L) – H1 profit before tax up 8.1% to £611m. H1 revenue up 4.1% to £8.8bn. Interim dividend per share 8.0p, up 11.1%. Future prospects remain encouraging. Closing Price 870.00p (Reuters).
ITV (ITV.L) – Warned its net advertising revenue would fall sharply in the second quarter due to tough comparatives, after edging forecasts for the first three months of the year. Closing Price 131.70p (Reuters)
Severn Trent (SVT.L) – Rejected a preliminary takeover offer from a consortium including Borealis infrastructure and the Kuwait Investment Office, saying the offer undervalued the British water company. Closing Price 2077.00p (Reuters)
EasyJet (EZJ.L) – Roughly halved its losses in the first half, helped by Easter falling earlier than a year ago and strong bookings from customers wanting to escape recent cold weather in Britain and Northern Europe. Closing Price 1130.00 (Reuters)
Centamin (CEY.L) – battling a legal ruling against it in Egypt, posted a 71% jump in quarterly earnings and said it was on track to meet its production guidance for the year. Posted core earnings of $81.7m for the first three months of 2013. Closing Price 36.33p (Reuters)
For more information on any of these individual news items, call into the trading floor
Stock | Code | Close | High | Low |
Lonmin | LMI.L | -7.31% | -2.31% | -8.04% |
Betfair | BET.L | -3.35% | -2.07% | -8.38% |
Severn Trent | SVT.L | 13.81% | 18.90% | 12.26% |
ICAP | IAP.L | 14.22% | 14.59% | 3.23% |
Babcock | BAB.L | 6.80% | 7.71% | 1.29% |
Enterprise Inns | ETI.L | -0.85% | 2.16% | -0.85% |
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