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
Taylor Wimpey (TW.L) – Total home completions increased by 7% to 11,696 up from 2012. Confident of driving an improvement of 200-300 basis points to operating margin in 2014. Increase in order book of 27% in value to £1.2bn. FY group operating margin towards the upper end of our expectations. Closing Price 119.80p (Reuters)
Tullow Oil (TLW.L) – Two new oil discoveries in Kenya, boosting discovered resources there to 600m barrels and it was working with government to start developing the finds within three years. Annual revenues would come in at $2.6bn with gross profits of $1.4 bn. Annual production of 84,200 barrels of oil equivalent per day at the lower end of the 84,000 to 88,000. Announced output next year would be between 79,000 and 85,000. Closing Price 856.50p (Reuters)
Burberry (BRBY.L) – Posted a 14% rise in underlying retail revenue in the Christmas quarter, though it cautioned that at current levels, exchange rates will be a significant headwind in the balance of its H2. It made £528m of retail revenue vs. to analyst’s average forecast of £520m. Comparable store sales growth was 12%, compared to 13% in the first half. Closing Price 1469.00p (Reuters)
African Barrick Gold (ABG.L) – Bulyanhulu exploration drilling confirms extensions to reef 1 and reef 2 mineralisation. Positive initial results from aircore drilling on Kenyan joint venture properties. Closing Price 189.60p (Reuters)
Genel Energy (GENL.L) – Expects to increase production by at least a third this year, as it benefits from using a pipeline between Kurdistan and Turkey, allowing it to produce and sell more oil. Production this year will come in between 60,000 and 70,000 barrels of oil equivalent per day, Genel forecast, generating revenues of between $500-600m. Closing Price 1085.00p (Reuters)
Randgold Resources (RRS.L) and Fresnillo (FRES) – Gold extended its drop from a one-month high of $1257 to $1241 amid speculation the US Federal Reserve will continue reducing asset purchases. Closing Prices 3842.00p and 710.00p respectively. (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Astrazeneca | AZN.L | 2.51% | 3.17% | 0.89% |
| Michael Page International | MPI.L | -2.27% | -1.37% | -4.35% |
| Ashmore Group | ASHM.L | -12.43% | -9.30% | -13.45% |
| Ig Group | IGG.L | 1.12% | 1.91% | -1.91% |
| Sirius Minerals | SXX.L | 0.00% | 5.56% | -3.70% |
| ASOS | ASC.L | -3.06% | 0.57% | -7.43% |
| Countrywide | CWD.L | -3.23% | 2.41% | -7.51% |
| Barratt Developments | BDEV.L | 1.57% | 1.57% | -3.62% |
| MoneySupermarket.com | MONY.L | -0.96% | 0.76% | -2.79% |
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