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Movers & Shakers - 11 June 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

Home Retail (HOME) – Sales at Argos -3.9% (consensus of -3.7%) and -5.0% in final eight weeks of 2014-15 year. Like-for-like sales at  Homebase +5.4%. Gross margin +50 basis points at Argos but -175 basis points at Homebase. Closing Price 159.50p (Reuters)

Mulberry Group Plc (MUL) - Sees trading improve after big profits fall. FY revenue -9% to £148m and FY pretax profit £1.9m vs £14m a year ago. Closing price 905.00p (Reuters)

HSBC (HSBA) - Spanish bank BBVA considering an offer for HSBC's businesses in Brazil and Turkey, senior bank executive Vicente Rodero said at an annual meeting in Mexico City. Closing Price 613.40p (Reuters)

ROYAL MAIL (RMG) - The British government on Weds said would sell half of remaining stake in Royal Mail, leaving it with about 15%. Royal Mail shares likely to be priced at 500p/share, after a source close to the share sale said orders below that level likely to miss out. Closing price 516.50p (Reuters)

RBS (RBS) - Britain will start selling 32bn stake in Royal Bank of Scotland in coming months George Osborne said on Weds night, after receiving advice from Bank of England and investment bank Rothschild, giving up on his previous intention to only sell the shares at a profit. Closing price 354.80p (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
BP BP.L 0.50% 0.60% -0.36%
Diageo DGE.L 0.24% 0.58% -1.38%
WM Morrison MRW.L 4.96% 5.25% -0.63%
Balfour Beatty BBY.L 1.58% 1.90% -0.83%
Shire SHP.L 0.29% 0.48% -0.73%
BT  BT.L 1.45% 1.78% -0.39%
Vodafone VOD.L 0.51% 0.74% -1.11%
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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

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