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
Randgold Resources (RRS.L) – Posted a 19% drop in quarterly profit, hit by the plunging price of bullion. Quarterly profit fell to $98m in the three months to September 30, from $121m a year earlier, on gold production which grew 15%. Closing Price 4605.00p (Reuters)
Aviva (AV.L) – New business rose 14% across the group in the first nine months of 2013. Value of new business, Aviva’s key measure of growth, was £571mln, up from £503mln in the first nine months of 2012. “Progress is in line with our expectations and we remain focused on delivering cash flow plus growth,” said Chief Executive Mark Wilson. Closing Price 445.30p (Reuters)
Tate & Lyle (TATE.L) – Reported lower profit for the first half of its fiscal year, citing cold spring weather in the United States that hurt demand for soft drinks. Its adjusted earnings per share were 29.9p down from 30.5 pence in the year-earlier period. Closing Price 793.50p (Reuters)
Halfords Group (HFD.L) – H1 revenue rose 7.7% to £490.6m. Interim dividend 5.2p per share. Strong Q1 for retail followed by +6.6% lfl growth in Q2. H1 profit before tax and non-recurring items £44.6m. Board continues to anticipate paying a full-year dividend this year of c.14p per share. Closing Price 418.70p (Reuters)
Schroders (SDR.L) – Pre-tax profit up 31%. Says it is well placed for further growth. Closing Price 2605.00p (Reuters)
Morrisons (MRW.L) – Quarterly sales fell more than analysts’ expected. Lack of online exposure and convenience store markets to blame. FY outlook remains unchanged. Closing Price 281.00p (Reuters)
Cable & Wireless Communications (CWC.L) – H1 pre-tax profits up 3% on higher revenue. Maintains FY guidance. Closing Price 46.50p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| J D Wetherspoon | JDW.L | 1.05% | 2.74% | -0.21% |
| Persimmon | PSN.L | -2.39% | 3.62% | -2.63% |
| Mondi | MNDI.L | -4.26% | 0.36% | -4.75% |
| Moneysupermarket.Com | MONY.L | 16.65% | 19.35% | 10.00% |
| FirstGroup | FGP.L | 1.22% | 1.26% | 0.13% |
| Foxtons | FOXT.L | 0.48% | 1.98% | -5.90% |
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