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Movers & Shakers - 21 June 2013

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

Rio Tinto (RIO.L) – The miner’s plan to start exporting copper from the $6.2 billion Oyu Tolgoi mine has been delayed at the request of the Mongolian government, heightening investor concerns about the risks of mining in the country. Closing price 2674p. (Reuters)

Antofagasta, Kazakhmys, (ANTO.L), (KAZ.L) – Global metal prices decline yesterday after Fed meeting, Copper bouncing back nearly 1% overnight. Closing prices 824.5p, 273.2p. (Bloomberg)

Flybe Group (FLYB.L) – Posts a pre-tax loss for the year and says it expects to see considerable reductions in the cost base of the business in both this year and the next. Closing Price 41.25p (Reuters)

Cupid PLC (CUP.L) –  Half year revenues are expected to be £43M. Marketing spend in the first half will be slightly higher than in 2012. Got approaches for casual dating assets and is currently exploring proposed opportunities with the parties. Closing Price 68.75p (Reuters)

For more information on any of these individual news items, call into the trading floor

Prior day's Movers & Shakers:

Stock Code Close High Low
Lloyds LLOY.L 0.58% 1.05% 1.93%
Gulf Keystone Petroleum GKP.L -3.95% -0.53% -6.27%
Dixons Retail DXNS.L -0.78% 5.72% -1.02%
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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

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