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
Royal Bank Scotland (RBS.L) Announced pre-tax loss of £634M for Q3. Set aside another £250M for mis-selling of PPI claims. Will create an internal “bad bank” to manage the run-down of its riskiest assets after the government stopped short of ordering a full break up. Internal restructuring will free up between £10-11bn of capital, leaving it better placed to lend. Closing Price 365.54p (Reuters)
Meggitt (MGGT.L) Lowered its full-year revenue. Said on Friday it now expects to report 2013 revenue growth in the low single digits. The company also said it had identified a “raw material supply issue” and that it had put £20M aside to account for the expected cost of rectifying the problem. Closing Price 570.92p (Reuters)
Direct Line (DLG.L) Operating profit of £131.2M for the third quarter, up 6.1%, Cost saving programmes progressing well and on track to meet target to reduce cost base to about £1bn in 2014. Interim dividend 4 pence per share. Closing Price 224.88p (Reuters)
Gulf Keystone Petroleum (GKP.L) – Akri-bijeel block declared commercial. Closing Price 174p (Reuters)
Vodafone (VOD.L) – AT&T Inc. executives are laying the groundwork internally for a potential takeover of Vodafone Group next year, mapping out a strategy for a complex deal with Europe’s largest mobile carrier, people familiar with the situation said. Closing Price 224.50p (BusinessWeek)
Rio Tinto (RIO.L), BHP Billiton (BLT.L), Anglo American (AAL.L), Glencore Xstrata (GLEN.L) – China’s manufacturing activity grew at its fastest pace in 18 months in October, adding to signs of a recovery in the world’s second-largest economy. The official Purchasing Managers’ Index (PMI), a gauge of the sector’s health, rose to 51.4 from 51.1 in September. Manufacturing is a key driver of China’s growth and a PMI reading above 50 indicates expansion in the sector. Closing Price Respectively (3164.91p) (1934.83p) (1507.58p) (342.62p) (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Royal Dutch Shell | RDSA.L | -4.92% | -3.18% | -5.45% |
| BT Group | BT.A.L | 2.03% | 3.41% | -1.46% |
| Astrazenaca | AZN.L | -0.63% | -0.53% | -2.78% |
| Countrywide | CWD.L | -0.89% | 3.55% | -1.60% |
| BG Group | BG.L | 2.25% | 3.29% | -0.44% |
| Afren | AFR.L | 6.63% | 6.76% | 1.08% |
| Glencore Xstrata | GLEN.L | -1.46% | 0.72% | -2.17% |
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