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
Drax (DRX.L) – Issued a FY profit warning, forecasting weaker-than-expected power and subsidy prices for its biomass-fuelled power plant in Yorkshire. Closing Price 677.00p (Reuters)
International Consolidated Airlines (IAG.L) – Q1 operating loss before exceptional items of €150m (€167m expected / €278m last year) Closing Price 404.60p (Reuters)
Man Group (EMG.L) – Net $2bn during in Q1, mostly into its GLG alternatives unit. Funds under management at the end of March were $55bn, from $54.1bn at the end of December. CEO Manny Roman said "We remain cautious in our outlook for asset flows for the rest of the year given recent mixed absolute investment performance," Closing Price 100.70p (Reuters)
Petrofac (PFC.L) – Warned its 2014 net profit would fall by as much as 11% to between $580-600m, due to a poor performance from its Integrated Energy Services (IES) division. Closing Price 1388.00p (Reuters)
Resolution (RSL.L) – Will miss its FY profitability target due to the annuities market reforms announced by Finance Minister George Osborne in his mid-March budget. Closing Price 302.90p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Barclays | BARC.L | 7.69% | 8.74% | 2.49% |
| Barratt Developments | BDEV.L | 1.65% | 2.52% | 0.47% |
| BT | BT.A.L | 2.97% | 4.43% | 2.31% |
| Centrica | CAN.L | -2.08% | -1.13% | -5.14% |
| Glencore Xstrata | GLEN.L | 1.84% | 2.37% | 1.28% |
| Genel Energy | GENL.L | 0.18% | 1.46% | -0.94% |
| Morrisons | MRW.L | 4.30% | 7.79% | -3.35% |
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