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Movers & Shakers - 20 May 2015

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

Thomas Cook (TCG.L) -  Said dividend payments could resume next year as it stuck to its forecast for full-year growth. Reporting a narrower H1 seasonal loss, Thomas Cook said its improving bottom-line profitability supported the reintroduction of dividend payments for its full-year 2016. Closing price 157.00p (Reuters)

Marks & Spencer (MKS.L) - Made a profit before tax and one-off items of £661.2m (consensus £648m), and is 6.1 percent higher than the £623m made in 2013-14. Closing Price 585.50p (Reuters)

SSE (SSE.L) - Reported better than expected full-year results on Wednesday as its energy supply and network businesses made higher profits, helped by cool weather. SSE made £1.56 Bn pounds in adjusted pretax profit up 0.9%  year on year, allowing it to pay an annual dividend of 88.4pps, 2% higher than the previous year. Closing price 1696.00p (Reuters)

Vodafone (VOD.L) - Liberty Chairman John Malone says Liberty and Vodafone make great fit. Closing Price 226.60p (Reuters)

UK Banks -  Ratings agency Fitch has hit Royal Bank of Scotland (RBS.L) with a 2 notch debt downgrade (significant pressure on profits) while it upgrades Lloyds Banking Group (LLOY.L) (praised financial health) and maintains ratings on Barclays (BARC.L) and HSBC (HSBA.L). Closing Prices 348.5p, 88p, 262.7p, 616.7p repsectively (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
Aveva Group Plc AVV.L -2.81% -1.90% -5.85%
Vodafone VOD.L -3.20% 1.58% -3.93%
Land Securities Group Plc LAND.L 3.97% 3.97% 1.07%
Rio Tinto RIO.L -2.67% 0.34% -3.15%
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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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