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
Resolution (RSL.L) – The group wide value of new business slipped 1% to £136m during the first nine months of 2013. The value of new business in the UK division was up 41% over the period, while the Heritage division posted a £13m loss, compared with £8m growth a year earlier. Closing Price 350.90p (Reuters)
CRH (CRH.L) – Says it is on track to meet profit target for 2013 after seeing better conditions in Q3. Sales and pre-tax profits rose 2% and 3%, to €5.4bn and €660m respectively YoY. Closing Price 1559.00p (RTE News)
Land Securities (LAND.L) – First-half net asset value rose 3.8%. Close to resolving 20 Fenchurch street issue, will not delay occupation nor inflate budgeted cost. Land Securities said adjusted diluted net asset value per share rose 3.8% to 937p over the six months to Sept 30, while revenue profit rose 8.9% to £156.5mn. It also increased its dividend by 2.7% to 15.2 pence. Closing Price 980.03p (Reuters)
Babcock International Group (BAB.L) – Interim dividend up 10% to 6.9p p/sh. H1 revenue rose 9% to £1.7bn. H1 revenue £1,700.6m vs. £1,556.7m + 9%. H1 profit before tax £141.7m vs. £121.2m + 17%. We are well placed to generate further growth this year and in the longer-term future. Order book maintained at £12bn (14 may 2013: £12bn) Group to make further strong progress this year, in line with its expectations. Closing Price 1291.00p (Reuters)
Vodafone (VOD.L) – To spend £7bn on its networks following the sale of its U.S. business. Organic service revenue down 4.9% in the Q2 due to very weak trading in Europe. That was worse than the 3.5% fall recorded in the Q1 and well below the last record fall of 4.2% in the Q4. first-half pre-tax profit of £1.51bn and confirms FY guidance. Closing Price 227.35p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| BT | BT.L | 0.54% | 0.94% | -2.53% |
| Hammerson | HMSO.L | 0.77% | 1.54% | 0.00% |
| Shire | SHP.L | 0.93% | 5.11% | 0.14% |
| Gulf Keystone Petroleum | GKP.L | -2.50% | -0.29% | -2.79% |
| Admiral | ADM.L | -0.31% | 0.30% | -0.77% |
| Redrow | RDW.L | -1.23% | -0.29% | -4.80% |
| Faroe Petroleum | FPM.L | 0.57% | 6.41% | 0.38% |
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