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
Michael Page International (MPI.L) – Interim dividend 3.25p per share. H1 revenue £503.2M, down 0.9% on 2012. H1 profit before tax £32.0M down 11.3% on 2012. Expect Q3 will be another challenging quarter. Closing Price 469.00p (Reuters)
Tesco (TSCO.L) – Tesco has claimed it is “simply untrue” that it deliberately drafted in cheap foreign workers after closing a distribution centre in Harlow, as part of a detailed fight back against claims from Labour’s shadow immigration minister Chris Bryant. Closing price 372.30p. (Financial Times)
Ryanair Holdings (RYA.L) – Pilots at the budget airline have raised safety concerns and have called for regulators to conduct an inquiry. Closing Price €6.872 (The Guardian)
Resolution (RSL.L) – IFRS based operating profit before tax of £191m up 17%. Interim dividend of 7.05p p/sh. Total group vnb £97m. Better-than-expected first-half profits. Closing Price 323.70p (Reuters)
Bovis (BVS.L), Taylor Wimpey (TW..L), Redrow (RDW.L), Barratt Developments (BDEV.L), Persimmon (PSN.L)– In the latest indication that a recovery in the property market is under way, the Royal Institution of Chartered Surveyors (RICS) said that Help to Buy and other initiatives have prompted the sector to “turn a corner” after its post-recession slump. This follows on from Credit Suisse upping its target prices on all UK house builders last week. Closing prices 796.50p, 112.30p, 244.30p, 1230p. (The Guardian)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Prudential | PRU.L | 4.05% | 4.73% | -0.59% |
| Royal Bank of Scotland | RBS.L | 1.20% | 1.57% | 0.37% |
| Centrica | CNA.L | -1.58% | 0.10% | -1.94% |
| IGas | IGAS.L | 0.06% | 2.49% | 0.06% |
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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