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) - Saw a 'bumpier' financial environment ahead after delivering flat 2015 profit growth against a bleak backdrop of slowing growth in China and tumbling commodities prices. The company reported pretax profit of $18.87bn for the year, below analyst consensus of $21.8bn, short by $3bn, circa15%. Closing price 449.85p (Reuters)
Home Retail (HOME) - South African-based furniture retailer Steinhoff International has made a rival offer to buy Britain's Home Retail, the owner of the Argos group of catalogue-based stores which agreed earlier this month to be bought by supermarkets group Sainsbury's . Closing Price 153.60p (Reuters)
Bovis Homes Group (BVS) – Report expectations of further growth in a current positive housing market. Fy pretax profit rose 20% to £160.1m with Fy revenue up 17% to £946.5m, legal completions up 8% and a recommendation from the board to increase div by 14%. Closing price 910.50p (Reuters)
Associated British Foods (ABF) - Edged up its full-year earnings forecast on Monday, helped by sterling weakening against the euro on 2015/16 results from an estimate of £25m to £10m. Closing price 3255.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
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