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
Lonmin (LMI.L) – H1 pre-tax profit rose to $54m from $18m a year ago, as it recovered from a tough 2012. Capex at $175m and increased its production outlook to in excess of 700,000 ounces. Platinum sales totalled 326,142 ounces. Closing Price 278.80p (Reuters)
Lloyds Banking Group (LLOY.L) – Chairman Sir Winfried Bischoff, will be retiring no later than the shareholders meeting in May 2014. Exact date will be subject to the appointment of his successor. Performance of the group is well on track. Closing Price 58.94p (Reuters)
Glencore Xstrata (GLEN.L) – Copper production rose 18% in Q1. Work will stop work on a planned 35 million tonnes per annum coal export terminal on Australia’s Balaclava Island as a result of poor coal market conditions. Closing Price 343.90p (Reuters)
Premier Oil Plc (PMO.L) – Successful well test has confirmed Matang in Indonesia as an important discovery. Gross resource estimate for the Matang structure remains in line with the pre-drill estimate of 100 to 400 BCF. Closing Price 392.10p (Reuters)
Burberry (BRBY.L) – Chinese retail sales lower than expectations. 12.5% vs 12.6%. Closing Price 1407.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
Stock | Code | Close | High | Low |
TUI Travel | TT.L | 1.85% | 3.41% | 0.53% |
BT Group | BT.L | 12.26% | 13.24% | 7.00% |
International Consolidated Airlines | IAG.L | -1.64% | -0.53% | -4.60% |
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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