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Movers & Shakers - 12 September 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

Dunelm Group (DNLM.L) –  FY pre-tax profit £108.1, up 12.3%. FY total revenues £677.2, up 12.2%. Special dividend of 25.0p per share to be paid in October.  Full year dividend of 16.0P (2012: 14.0p) Closing Price 930p (Reuters)

Gulf Keystone Petroleum (GKP) – Has appointed Deutsche Bank to act on an exclusive basis in connection with the proposed move from AIM to the main market. Closing Price 212.50p (Reuters)

Home Retail Group PLC (HOME.L) – Argos Q2 sales increased by 2.7% in Q2.  Homebase Q2 sales increased by 11.0%. Expects to deliver full year profit in line. Expects consumer spending to remain subdued, but approach Christmas trading period in good shape. Closing Price 163.90p (Reuters)

Morrison Supermarkets (MRW.L) – Posted a 10% fall in H1 profit, hurt by its late entry into online grocery and convenience store markets. Said it made an underlying pretax profit of £401m in H1 versus £410m expected. Morrisons said it expected an improvement in its sales performance in H2, forecasting FY outcome “broadly in line with previous expectations”. Closing Price 297.20p (Reuters)

Ocado (OCDO.L) – Posted Q3 sales growth of 16.4%, broadly in line with expectations, and said it was encouraged by an increase in both orders and basket size. Closing Price 371.10p (Reuters)

Kier Group (KIE.L) – Said the British economy was recovering. It increased its dividend by 3%, despite a fall in FY profits and revenue. Closing Price1667.00p (Reuters)

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
Kingfisher PLC KGF.L -2.74% -0.55% -3.57%
Sports Direct SPD.L 1.89% 2.38% 0.07%
Barratt Developments PLC BDEV.L -4.57% 1.35% -5.96%
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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.

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

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