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Movers & Shakers - 24 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

Barclays (BARC.L) and Royal Bank of Scotland (RBS.L) – U.S. regulator filed lawsuits against Morgan Stanley and eight other banks over the sale of nearly $2.4bn in mortgage-backed securities to two credit unions that later failed, according to a filing. Morgan Stanley and Morgan Stanley Capital Inc, Barclays, JPMorgan Chase & Co’s unit Bear Stearns, Credit Suisse Group, RBS and UBS sold faulty securities to Southwest and Members United corporate credit unions, the National Credit Union Administration (NCUA) said in its complaint. Closing Price 266.35p & 361p (Reuters)

Close Brothers Group (CBRO.L) – FY adjusted operating profit rises 24% to £166.5m. Banking division adjusted operating profit up 17% to £157.8m. Adjusted operating profit in securities rose to £25.7m. Final dividend 29.5p p/sh. Total dividend up 7% to 44.5p p/sh. Closing Price 1133.00p (Reuters)

Panmure Gordon (PMR.L) – H1 profit before tax from continuing operations £0.3m. H1 net commission and fee income at £13m. Active on three IPOs in the reporting period. Markets are likely to remain challenging. Closing Price 137.90p (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
Randgold Resources RRS.L -4.79% -3.16% -6.03%
Fresnillo FRES.L -5.05% -2.90% -5.61%
A.G.Barr BAG.L -2.57% 0.33% -2.57%
Aberdeen Asset Management ADN.L 0.02% 2.97% -0.96%
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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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