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.
We hope your experience with Accendo Markets over the past 12 months warrants a vote in the following category; “BEST EXECUTION ONLY CFD PROVIDER”
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John Wood Group (WG.L) – EBITA from continuing operations of $461.1m (2011: $341.6m) up 35%. Profit from continuing operations before tax and exceptional items of $362.7m (2011: $254.1m) up 43%. Total dividend of 17cts per share (2011: 13.5cts) up 26%. Closing Price 758.00p (Reuters)
Standard Chartered (STAN.L) – To report at 8:15am. Closing Price 1780.00p (Reuters)
Xstrata (XTA.L) – 2012 attributable profit $3.65bn vs. $5.79bn 2011 (consensus: $3.3 billion) Operating profit $4.79bn, down 43%. Dividends per share 45.5cts. $176m of cost savings in 2012 through cost efficiency initiatives, increased volumes in coal, zinc. Closing Price 1099.50p (Reuters)
Tullett Prebon (TLPR.L) – A slowdown in its revenues had continued into this year as tough market conditions eat into client demand for trading financial product. Revenues for the year ending Dec. 31 came in at £850.8m vs. £910.2m a year earlier. Closing Price 259.80p (Reuters)
Meggitt (MGGT.L) – Posted a better-than-expected 12% rise in full-year profit, driven by strong growth at its energy and civil aerospace businesses. Closing Price 459.10p (Reuters)
Tracsis (TRCS.L) – Profit before tax rose 50% cent to 1.7m pounds in the six months ended January 31st. Closing Price 175.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Amlin | AML.L | -1.32% | -0.28% | -2.76% |
| Intertek | ITRK.L | 1.27% | 3.82% | -0.30% |
| Debenhams | DEB.L | -14.22% | -5.92% | -15.17% |
| Keller Group | KLR.L | 5.23% | 7.51% | 0.13% |
| Bumi | BUMI.L | -2.35% | -0.22% | -4.05% |
| HSBC | HSBA.L | -2.49% | 0.73% | -3.51% |
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