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
HSBC (HSBA.L) and Standard Chartered (STAN.L) – China’s biggest banks tripled the amount of bad loans written off in H1 to $3.65m, cleaning up their books ahead of what may be a fresh wave of defaults. NOTE – This story could also affect UK banks. Closing Prices 687.70p and 1522.00p respectively. (Bloomberg)
ASOS (ASC.L) – Beat forecasts with a 23% rise in FY profit Pretax profit of £54.7m vs. £54m and £44.5m made in 2011-12. Revenue rose 39% to £769.4m, while retail gross margin increased 100 basis points versus the prior year. Closing Price 5413.00p (Reuters)
Home Retail Group (HOME.L) – 53% jump in first half profit. Pretax profit had risen to £27.4m, slightly ahead of a company compiled consensus forecast of £23.6m. Revenue rose 3% to £2.6bn. L-for-l sales grew 5.9%. Closing Price 184.30p (Reuters)
Sports Direct (SPD.L) – On track to reach FY earnings target. Sales up 15.1% and gross profit up 19.4%. Closing Price 706.50p (Reuters)
De La Rue (DLAR.L) – To miss profit forecasts on banknote pricing pressure. Closing Price 981.00p (Reuters)
British American Tobacco (BATS.L) – Said it remained on track for a year of solid earnings growth after price rises in the first nine months of the year helped it to offset a 3% fall in total tobacco volumes. Closing Price 3385.00p (Reuters)
Premier Oil (PREM.L) – Cut its output guidance for the year by up to 10%, the second downgrade in four months, which it blamed on two pipeline issues at projects in Britain and Vietnam. Expects to produce between 57,000 and 59,000 barrels of oil equivalent per day (boepd) in 2013, lower than the 63,000 boepd it forecast in July. Closing Price 340.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| GKN | GKN.L | 1.74% | 2.65% | 1.74% |
| Petropavlosk | POG.L | 4.11% | 6.85% | -6.85% |
| Whitbread | WTB.L | -0.39% | 3.14% | -3.62% |
| ARM Holdings | ARM.L | -3.15% | 2.16% | -7.30% |
| Reckitt Benckiser | RB.L | 5.20% | 6.67% | 3.87% |
| BHP Biliton | BLT.L | 4.14% | 4.89% | 1.66% |
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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