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
City of London will be hosting its annual Wealth Management awards next month.
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Man Group PLC (EMG.L) – Funds under management (fum) at 31st Dec 2012 of $57.0bn (2011: $58.4 bn) Adjusted profit before tax (pbt) of $278m. Further impairment of GLG goodwill ($746m) Sales of $12.8bn, redemptions of $20.1bn. Proposed final dividend of 12.5 cents per share; total dividend for the year expected to be 22 cents. Closing Price 103.00p (Reuters)
Kazakhmys PLC (KAZ.L) – Simon Heale, currently a non-executive director of Kazakhmys, has accepted the post of chairma. Simon Heale becomes chairman after AGM on 17 may 2013. Posts 30% drop in 2012 core profit, excluding the impact of its share in rival ENRC (ENRC.L) as weak prices hit revenue and failed to offset rising costs Closing Price 677.00p (Reuters)
Royal Bank of Scotland (RBS.L) – It had moved closer to being in a position for the government to start selling its 82% stake in the bank. RBS made an operating profit of £3.5bn ($5.2 bn) last year, up from £1.8bn the year before and the highest since its bailout in 2008. Closing Price 346.80p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Barratt Developments | BDEV.L | -0.13% | 2.46% | -2.08% |
| Petrofac | PFC.L | -6.07% | 0.05% | -8.39% |
| Centrica | CNA.L | -0.54% | -0.03% | -2.75% |
| Weir Group | WEIR.L | 7.53% | 8.13% | 0.60% |
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