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
Rolls Royce (RR.L) – Exceeded expectations with a 23% rise in full year profit and forecast 2014 profits to be flat on the back of declining defence and marine revenues, before growth resumes in 2015. Underlying pretax profit of £1.76bn, up from £1.43bn in 2012. Underlying revenue rose 27% to £15.5bn. Raised its dividend by 13% to 22p p/sh. Closing Price 1210.00p (Reuters)
Lloyds Banking Group (LLOY.L) – Paid £395m pounds in bonuses last year, up 8% on the year before. Statutory profit of £415m for 2013 compared with a loss of £606m the year before. Underlying profit more than doubled to £6.2bn.Closing Price 83.53p (Reuters)
Tate & Lyle (TATE.L) – Scaled back its outlook for the FY after weak sales volume in developed markets dampened 3Q results. Expects profit for the full year to 31 March to be in line with last year, whereas it had earlier forecast growth. Group adjusted profit before tax was lower than expected due to volume softness in developed markets and lower returns from co-products. Closing Price 786.50p (Reuters)
Rio Tinto (RIO.L) – 45% jump in H2 profit beating market forecasts $10.2bn v $ 9.3bn last year. Increased in its annual dividend by 15% in a show of confidence in its cash flow growth. Cost-cutting target of $3bn by the end of 2014 will not be changed, having exceeded its target in 2013. Closing Price 3510.00p (Reuters)
AMEC (AMEC.L) – FY core profit for 2013 was £343m above analysts’ forecasts of £340m but missed on revenue at £4.0bn vs £4.1bn expected. Closing Price 1092.00p (Reuters)
Shire (SHP.L) – To report later this morning. Closing Price 3141.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Reckitt Benckiser | RB.L | 0.58% | 1.64% | -0.58% |
| Tullow Oil | TLW.L | -6.27% | 1.71% | -6.68% |
| Avanti Communications | AVN.L | 0.18% | 5.80% | -4.02% |
| African Barrick Gold | ABG.L | 4.38% | 6.50% | -5.33% |
| BHP Billiton | BLT.L | 0.73% | 1.73% | 0.43% |
| Rio Tinto | RIO.L | 1.45% | 1.94% | 0.03% |
| Anglo American | AAL.L | 0.98% | 2.56% | 0.59% |
| Antofagasta | ANTO.L | 2.71% | 3.21% | -0.28% |
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