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Movers & Shakers - 24 April 2013

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

Reed Elsevier (REL.L) – Q1 underlying revenue growth was in line with last year Underlying revenue growth for the full year 2012 was 4%. 2013 to be another year of underlying revenue, profit, and earnings growth. Underlying revenue growth in its exhibitions business to fall by 5-6 percentage points in 2013. Closing Price 778.50p (Reuters)

Lloyds Banking Group (LLOY.L) – The planned sale of over 600 bank branches to the Co-operative Group has collapsed after the latter decided it could not proceed with the £750m deal. Closing Price 51.08p (Reuters).

Barclays (BARC.L) – Q1 profit fell from a year ago after a rise in losses in its European business and a hefty bill for the cost of a restructuring plan by its new chief executive. Pre-tax profit for Q1 of £1.79bn missed analyst’s estimates of £2.1bn. Closing Price 298.3p (Bloomberg).

 

For more information on any of these individual news items, call into the trading floor

Prior day's Movers & Shakers:

Stock Code Close High Low
ARM Holdings ARM.L 11.85% 12.60% 5.97%
Petropavlovsk POG.L -0.43% 3.62% -5.00%
Tullow Oil TLW.L -0.86% 0.38% -1.05%
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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.

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