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
Anglo American (AAL.L), BHP Billiton (BLT.L), Glencore Xstrata (GLEN.L), Rio Tinto (RIO.L) – China’s trade surplus expanded more than expected in March. China’s trade surplus was $7.71bn vs $22.98bn deficit recorded in February. That result was China’s first monthly deficit in 11 months. Both exports and imports swung heavily into the red in order to generate this positive result. That means China both exported and imported less, which will effect Chinese global growth. Closing Price 1558.00p, 1942.50p, 312.75p, 3393.00p respectively (Reuters)
Ashmore Group (ASHM.L) – Assets under management slid further in the March quarter when $6.2bn was pulled from its funds. Closing Price 350.00p (Reuters)
St James Place (STJ.L.) – Decided to pull £8bn of funds from Invesco Perpetual and funnel them towards that firm’s former star manager, Neil Woodford. Closing Price 783.50p (Daily Mail)
Vedanta (VED.L) – FY record production of oil & gas up 6% to 218,651 boepd, mined metal production 880,000 tns, refined Zinc production falls 15% to 364,000 tns, iron ore sales 3.1m tns, awaiting supreme court decision on mining in Goa, working with authorities to resume operations in Australia. Closing Price 937.00p (Bloomberg)
Marks and Spencer (MKS.L) – Group sales up 1.9%, sees FY gross margin in food to be slightly ahead, general merchandise gross margin to be down, International sales up 4.7%, cuts FY UK gross margin by 20bps. Closing Price 456.00p (Bloomberg)
Royal Bank of Scotland (RBS.L) – The bank has agreed to pay £1.5bn to cancel an arrangement that gives the government priority over dividends, clearing an obstacle to the lender’s eventual privatisation. Closing price 309.80P (Reuters)
Royal Mail (RMG.L) – Britain’s newly-privatised Royal Mail warned an investigation into a rival’s complaint over wholesale mail price rises would lead to a long period of uncertainty around the prices it charges other postal operators. Closing price 518.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Bwin Party Digital Entertainment | BPTY.L | -1.72% | 0.96% | -2.40% |
| Centamin | CEY.L | -3.38% | -0.56% | -4.69% |
| Evraz | EVR.L | 3.80% | 8.30% | -0.25% |
| Tesco | TSCO.L | -1.27% | 0.66% | -1.34% |
| Rio Tinto | RIO.L | -0.99% | 0.72% | -1.33% |
| BHP Billiton | BLT.L | 0.13% | 1.24% | -0.36% |
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