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
Cranswick (CWK.L) – Anticipates that the full year performance will be in line with its expectations. Remains confident in the continued long term success and development of the business. H1 adjusted profit before tax £23.2m, +4%. H1 underlying revenue1 £474.9m +13%. Closing Price 1100.00p (Reuters)
Essar Energy (ESSR.L) – Group revenue in H1 FY 2014 of $13.4bn, up 5% against H1 FY 2013 revenue of $12.8bn. Group CP EBITDA in H1 FY 2014 of $543.7m. YoY rise in Vadinar refining margins. Foreign exchange impact of $483m due to the depreciation of the rupee, the majority of which is unrealised. H1 loss before tax of $498.8m. Closing Price 100.60p (Reuters)
Royal Bank of Scotland (RBS.L) – Part-nationalised British lender RBS has been accused by a government advisor of pushing struggling small firms into its turnaround unit so it can charge higher fees and take control of their assets. Closing Price 330.10p (Reuters)
Babcock International (BAB.L) – Is in exclusive discussions to take a stake in helicopter transport services company Avincis, a source close to the situation said on Sunday. Closing Price 1325.00p (Reuters)
Lloyds Banking Group (LLOY.L) – will probably sell 30-50% of its stake in the 631 bank branches being rebranded as TSB when the new entity floats on the stock market in 2014. Lloyds was ordered to sell the branches by European regulators as a penalty for receiving a £20bn government bailout in the 2008 financial crisis. Closing Price 74.62 (Reuters)
Quintain Estates and Development (QED.L) – H1 profit falls over 30% YoY. Closing Price 93.50p. (Reuters)
Randgold Resources (RRS.L) & Fresnillo (FRES.L) – Gold price fell as low as $1,225 overnight, the lowest level since July, after Iran agreed to curtail nuclear activities. Closing Prices 4362.00p and 840.50p respectively. (Bloomberg).
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Experian | EXPN.L | -0.69% | 0.43% | -0.95% |
| Fuller Smith & Turner | FSTA.L | -2.07% | 1.61% | -3.08% |
| Tullow Oil | TLW.L | 0.23% | 2.63% | 0.11% |
| Future | FUTR.L | 3.13% | 7.81% | 2.37% |
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