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
Greencore Group (GNC.L) – Revenue rose 7.2% y/y to £320.5m for 13 weeks to December 27, or 9% excluding disposal. Convenience foods division sales rose 6.9% y/y to £305.6m, 9.1% excluding disposal. Economic conditions steadily improving in UK, yet to be seen in larger grocery stores, small stores buoyant. Confident can deliver FY performance in line with market expectations. Closing Price 239.10p (Reuters)
Crest Nicholson Holdings (CRST.L) – FY Revenue £525.7m. Forward sales at mid-January of £329.5m, 51% ahead of prior year. Operating profit margins up to 18.5%. Profit before tax up 40%. Final dividend 6.5p per share. Closing price 352.20p (Reuters)
Fresnillo (FRES.L) – Produced 42.7m ounces of attributable silver – up 4.3% on the previous year and ahead of the 41m ounces forecast. Gold, just below a revised guidance of 425,900 ounces. Cut its forecast for 2013 gold production by 8.4% to 425,900 ounces last December due to a ban on the use of explosives at one of its mines. Closing price 775.00p (Reuters)
Afren (AFR.L) – Sees double-digit production growth over next five years. 774 mmboe discovered at Ogo, Nigeria, one of the largest global discoveries of 2013. 2013 production of 47,112 boepd, at upper end of guidance, revenue of $1.6bn, operating cash flow in excess of $1.1bn. Closing Price 144.90p (Reuters)
Carpetright (CPR.L) – Warned on year profit for the second time in almost four month. FY underlying pretax profit to be below the lower end of current market expectations. Analysts had been expecting a pretax profit of between £9-10m according to Reuters data. Closing Price 568.00p (Reuters)
Apple (AAPL.O) & ARM Holdings (ARM.L) – Missed Wall Street’s target for iPhone sales, and offered a weaker-than-expected forecast for this quarter, sending its shares down 6% after hours on Monday. The company forecast sales of $42-$44bn this quarter with Wall Street is expecting $46bn, on average. Keep an eye on partner ARM Holdings. Closing Price $546.07 & 957.5p respectively (Reuters)
Royal Bank of Scotland (RBS.L) – The bank announces it will set aside a further £3bn for past misconduct issues including US home loans mis-selling, mis-sold loan insurance and mis-sold swaps. Closing Price 332.20p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Vodafone | VOD.L | -3.87% | -3.07% | -7.22% |
| AT&T | T | 0.27% | 0.96% | 0.03% |
| BG Group | BG.L | -13.78% | -8.80% | -16.29% |
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