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
HSBC (HSBA) - Will cut almost 50,000 jobs from its payroll, almost a fifth of its workforce, take an axe to its investment bank and shrink its risk weighted assets by $290bn in an effort to improve its sluggish performance. Closing price 619.50p (Reuters)
Tesco (TSCO) - Has invited at least six firms including KKR & Co and Carlyle Group to bid for its South Korean unit Homeplus, valued at about $6bn, people familiar with the matter told Reuters. Closing price 203.5p. (Reuters)
UK Retailers: Overnight BRC data showed UK retail sales failing to reverse April’s sharp falls in April despite consumer confidence at near pre-crisis levels (BRC)
Int. Consolidated Airlines (IAG) - US airlines weak overnight, S5AIRL Index hit new 7-month lows. CEO also raised concerns about airline costs. Closing price 520.5p (Credit Suisse + FT)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| BP | BP.L | -0.33% | 0.59% | -1.27% |
| Diageo | DGE.L | 6.79% | 8.72% | 5.42% |
| WM Morrison | MRW.L | -0.46% | 0.00% | -1.73% |
| Balfour Beatty | BBY.L | 2.45% | 4.54% | 0.00% |
| Shire | SHP.L | -2.75% | 0.18% | -2.93% |
| BT | BT.A | -0.14% | 1.91% | -0.14% |
| Vodafone | VOD.L | 0.78% | 1.88% | 0.05% |
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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