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
Bellway (BWY.L) – H1 revenue rises 9.6% to £502.5m. Profit before tax up 47.5% to £59.9m. 2,597 homes sold up 5.8%. Average selling price £187,426 up 2.6%. EPS has grown by over 50% to 37.9p. Interim dividend will be increased by 50% to 9.0p p/sh. Closing Price 1192.00p (Reuters)
Wolseley (WOS.L) – Interim dividend up 10% to 22p p/sh. 2013 H1 revenue £6,276m. H1 2013 profit before tax £199m. Trading margin for the on-going businesses of 5.2%, 0.4% higher than last year. Closing Price 3211.00p (Reuters)
Kingfisher (KGF.L) – 11.4% fall in year profit that reflected weather-hit sales, tough consumer markets and unfavourable foreign exchange movements. Closing Price 283.30p (Reuters)
Resolution (RSL.L) – Full year dividend p/sh 21.14p (2011: 19.89p). Operating profit before tax of £274m, £309m excluding one-offs. Value of new business up 28% to £194m, including 125% increase in UK. Closing Price 268.30p (Reuters)
Kazakhmys (KAZ.L) – Has taken a bigger than expected $2.22bn impairment on the value of its 26% stake in ENRC (ENRC.L). Kazakhmys, which has already reported earnings excluding the impact of the stake, said that ENRC contributed $548mn of core profit. Closing Price 443.60p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Aberdeen Asset Management | AND.L | 6.54% | 7.11% | 1.00% |
| Afren | AFR.L | -1.76% | 3.18% | -1.76% |
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