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
Mothercare (MTC.L) – Group returns to half year profit with underlying profit before tax of £2.0m. Worldwide network sales up 4.4% to £637.7m. Total international sales up 13.0% and total UK sales down 7.5%. Consumer spending to remain subdued in the UK. Closing Price 414.25p (Reuters)
National Grid (NG.L) – The business was performing in line with expectations under a new price controls regime. 7% drop in its H1 pre-tax profit fell to £979m, but it maintained the interim dividend payout at 14.49p p/sh. Closing Price 768.00p (Reuters)
Johnson Matthey (JMAT.L) – 13% rise in H1 profit, helped by increased global production of cars and trucks and demand for its speciality catalysts. Underlying profit before tax £212.9m, up from a restated £187.9m for the year-ago period. Closing Price 3094.00p (Reuters)
Rolls Royce Holdings (RR.L) – Awarded $138m energy services contract, Contract is to support Petrobras oil production activities offshore Brazil. Closing Price 1239.80p (Reuters)
BHP Billiton (BLT.L) – Plans to reduce capital expenditure by 25% to $16bn for the 2014 financial year. Closing Price 1914.50p (Reuters)
Qinetiq Group (QQ.L) – H1 underlying operating profit £59.2m vs. £95.3m year ago. H1 revenue £599.6m vs. £685.5m year ago. Interim dividend 1.4p p/sh. Maintaining guidance for full year despite challenging markets. Closing Price 196.70p (Reuters)
SABMiller (SAB.L) – Reported higher profit for the first half of its financial year. Adjusted earnings per share rose 3% to $1.204 per share. Group net producer revenue rose 1% to $13.79bn. Closing Price 3235.00p (Reuters)
BT (BT.L) & BSkyB (BSY.L) – Fresh from stunning its rivals in the battle to show European Champions League soccer, BT will be in a strong financial position to bid for the next round of English Premier League rights, its chief executive said on Wednesday. Closing Price 374.49p & 835.00p respectively (Reuters)
BUMI (BUMI.L) – will postpone an investor vote on a planned split with Indonesia’s Bakrie family that co-founded it, after the buyer of its stake failed to provide details of his financing arrangements by an agreed deadline. Closing price 211.50p (Reuters)
For more information on any of these individual news items, call into the trading floor
Stock | Code | Close | High | Low |
Cineworld Group | CINE.L | -2.22% | 0.27% | -2.36% |
Gulf Keystone Petroleun | GKP.L | -0.32% | 0.64% | -1.40% |
Genel Energy | GENL.L | 0.16% | 1.09% | 0.00% |
Telecom Plus | TEP.L | 19.77% | 19.77% | 9.49% |
UK Mail Group | UKM.L | 5.13% | 8.21% | 2.48% |
Exillon Energy | EXI.L | 0.00% | 1.52% | -0.57% |
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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