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Movers & Shakers - 10 July 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

Burberry (BRBY.L) - Warned that if exchange rates remained at current levels, that would have a "material impact on profits" as it posted a 12% rise in like-for-like retail sales for its fiscal first quarter to June. Effective exchange rates would now reduce reported profit by about £55m. Closing price 1419p. (Reuters)

Associated British Foods (ABF.L) - raised its annual earnings guidance after a strong third-quarter performance from its Primark discount fashion chain and progress in its ingredients business more than offset weakness in its sugar operations. However be aware as Suedzucker, Europe’s largest sugar producer, posted a 56% decline in operating profit. Closing price 3000p. (Reuters)

Barratt Developments (BDEV.L) - Said it expected its full-year profit to come in at the top end of forecasts, at about £390m, after a strengthening house market resulted in a 8.6% rise in completed sales. Forward sales have risen 44.7% to £1.2bn as well. Closing price 365p. (Reuters)

Halfords (HFD.L) - Total revenue for Halfords group up 7.9% for Q1. All guidance for full year remains unchanged. Closing price 491.9p. (Reuters)

Supergroup (SGP.L) – Full-year pre-tax profit £45.2m v £51.8m a year ago. Decided not to return excess cash to shareholders. Closing price 1042p. (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
Aviva AV.L -3.63% 0.29% -4.53%
Galiford Try GFRD.L -1.35% 1.33% -1.95%
Interserve IRV.L -0.25% 1.36% -1.96%
Centamin CEY.L 0.44% 1.16% -3.19%
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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.

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

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