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
Meggitt (MGGT.L) - Reported a 6% fall in annual profits on lower demand for some types of aircraft component and weakness in its energy unit after job cuts last year, it expected low single digit revenue growth in 2016. Underlying operating profit of £325.5m for 2015, compared to the £346m year on year in line with consensus of £327m. Closing price 386.10p (Reuters)
Ladbrokes (LAD.L) - Group net revenue: +3.2%, H2 +5.0% with favourable Q4 sporting results. Group operating profit(2) of £80.6m down 35.7% reflecting companies increased marketing and product investment in line with the new strategy and a circa £50m increase in gambling taxation. Full year dividend at 3p per share in line with strategy. Closing price 122.4p. (Reuters)
BP (BP.L), Royal Dutch Shell (RDSb.L) Tullow Oil (TLW.L) Cairn Energy (CNE.L) - British oil and gas production could halve by 2025 if oil companies do not spend enough to squeeze every last drop out the North Sea, industry group Oil and Gas UK warned on Tuesday. Closing prices 356.65p, 1614.50p, 163.50p, 161.40p (Reuters)
Persimmon (PSN.L) – Says has had an outstanding performance for the year. Underlying profit before tax increased by 34% to £637.8m. Full year revenue up 13% to £2.9bn. Legal completions increased by 8% to 14,572. Forward sales ahead at £1.68bn (2015: £1.49bn), an increase of 12%. Cash return of 110p per share to be made 1st April, significantly ahead of planned 10p per share payment. Closing price 1973p. (Reuters)
GKN PLC (GKN.L) - Posted broadly flat annual profit for 2015, as growth in sales of auto and aircraft parts offset declines in agricultural components, it said 2016 would be a year of growth. Pretax profit of £603m, compared to the £601m, in line with consensus. Closing price 288.90p (Reuters)
BHP Billiton (BLT.L) – Confirms it has slashed its interim dividend by 75%, abandoning a long-held policy of steady or higher payouts as it braces for a longer-than-expected commodities downturn. Closing price 795.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| HSBC | HSBA | -0.88% | -0.23% | -5.41% |
| HOME RETAIL | HOME | 12.96% | 13.35% | 10.03% |
| BOVIS HOMES | BVS | -3.95% | 4.83% | -4.17% |
| ASSOC. BRITISH FOODS | ABF | 1.23% | 2.09% | 0.71% |
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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