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
Ashmore Group (ASHM.L) – Posted an above-forecast 32% rise in first-half core profit to £89.7m following strong investment returns in emerging markets. Assets under management rose 5% over the whole of 2016, helping boost revenues to £144.1m, up 24%, against £128.9m expected. Closing Price 319p (Reuters)
Smith & Nephew (SN..L) – Reported a 7% drop in full-year trading profit, missing average forecasts, as tough market conditions in China and the Gulf States kept growth in check. The company reported trading profit of $1.02bn ($1.04bn expected) on revenue 1% higher at $4.67bn ($4.69bn expected). Closing Price 1201p (Reuters)
Tate & Lyle (TATE.L) - Raised its expectations for the full financial year citing strong performance in Q3. Expects performance in constant currency for the full-year to be “modestly ahead” of what it expected when reporting its half-year results in November. Closing Price 720.50p (Reuters)
Thomas Cook (TCG.L) – Revenue up 1% to £1.62bn, gross margin up 10bps, while adjusted EBITA -£49m . Remains cautious for the year; sees FY results in line with current estimates. Closing Price 92.05p (Bloomberg)
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