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Movers & Shakers - 4 June 2014

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

Tesco (TSCO.L) - posted the worst quarterly drop in underlying sales in its key home market since Chief Executive Phil Clarke took the helm in 2011, raising further questions over his trading strategy. Sales fell 3.8% in its fiscal first quarter, hurt by price cuts and a weak food market. Compares with analyst forecasts for a decline of 3.5-4.1%. Closing price 297.5p. (Reuters)

 Monitise (MONI.L) - Appointed Elizabeth Buse, a former Visa Inc executive, as co-chief executive with immediate effect. Closing price 63.25p. (Reuters)

 RPC Group (RPC.L) - Revenue up 7% on organic growth and acquisitions. Full year sales from continuing operations £1.05bn versus £982m year ago. Closing price 622.5p. (Reuters)

For more information on any of these individual news items, call into the trading floor

Prior day's Movers & Shakers:

Stock Code Close High Low
Foxtons FOXT.L -6.64% -0.24% -7.30%
Astrazeneca AZN.L -0.49% 0.43% -0.92%
Pennon PNN.L -3.00% 0.20% -4.40%
Tesco TSCO.L -1.01% 0.15% -1.66%
Wolseley WOS.L 1.60% 3.20% 1.03%
Intercontinental Hotels IHG.L -1.32% 0.08% -1.50%
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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.

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