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
Sainsbury (SBRY.L) – Plans to open its first distribution centre dedicated to online grocery orders in response to rapidly increasing demand in southeast England. Closing Price 388.50p (Reuters)
Michael Page International (MPI.L) – Gross profit was £127m in our Q3, up 0.4% year-on-year in reported currency. We expect Q4 to be another challenging quarter. Expect full year operating profit to be around £68m. Closing Price 494.50p (Reuters)
BP (BP.L) – Angola, Africa’s largest oil producer after Nigeria, is imposing a consumption tax on petroleum companies that will raise some costs as much as 10%. BP is amongst oil producers who are investing $3bn in wells of Nigeria next year. Closing Price 439.65p (Bloomberg)
Royal Bank of Scotland (RBS.L) – Canada’s Toronto-Dominion Bank TD.TO is considering an £8bn bid for RBS’s American retail banking business Citizens. Closing Price 376.90p (The Sunday Times)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Anglo American | AAL.L | 2.44% | 2.91% | -2.44% |
| AstraZeneca | AZN.L | 1.39% | 1.60% | -0.18% |
| Chemring Group | CHG.L | -22.64% | -13.47% | -24.40% |
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