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
Royal Dutch Shell (RDSB.L) – Q3 profits undershot analysts’ forecasts. Q3 earnings excl identified items and on a current cost of supply basis came in at $4.5bn compared with a forecast range of $4.9-5.1bn and down from $6.6bn in 2012. CEO Peter Voser said actions taken this year “underline our commitment to shareholder returns” Closing Price 2277.00p (Reuters)
BT Group (BT.A.L) – More than 2 million homes have signed up to BT’s new sports service beating Nomura’s estimate of 1.3 million subscribers. This has helped business retention with phone customers leaving BT at the slowest rate in five years. Core earnings and pre-tax profit came in ahead of forecasts. Increases dividend. Closing Price 369.50p (Reuters)
Astrazeneca (AZN.L) – Sales fell by 6% to $6.25bn, weighed down by loss of patent protection on key drugs while earnings per share (EPS) tumbled 28%. The group reiterated its expectation for a mid-to-high single digit % fall in revenue this year, with earnings expected to decline significantly more, due to rising research and marketing costs. Closing Price 3229.77p (Reuters)
Countrywide (CWD.L) – Q3 total income was £154.9m, an increase of 12% year on year. Income in the 9 months to 30 Sept 13 was £413.7m, representing an increase of 7%. Plan to grow new homes business on track with a 23% rise in homes sold in the 9 mths to Sept 13. Expect the second half of 2013 to provide the foundation for a strong recovery in market volumes. Closing Price 563.00p (Reuters)
BG Group (BG.L) – Posted a 4% fall in Q3 earnings primarily driven by its decision to cut production in the U.S. where gas prices have been low. BG’s earnings of $1.1bn in the three months to the end of September were above analyst expectations of $944m. Closing Price 1245.50p (Reuters)
Afren (AFR.L) – Production at the upper end of guidance and continued exploration success. Closing Price 147.90p (Reuters)
Glencore Xstrata (GLEN.L) – Copper production rose 23% in Q3, thanks to increases in Africa and improvements at a Chilean mine, while profitability in its trading arm was “in line” with expectations. Closing Price 345.05p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Barclays | BARC.L | 0.90% | 4.08% | 0.75% |
| Next | NXT.L | 4.71% | 7.97% | 3.46% |
| Standard Life | SL.L | -3.98% | -1.26% | -4.36% |
| African Barrick Gold | ABG.L | 15.93% | 16.11% | 4.17% |
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