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
Royal Bank of Scotland (RBS.L) – The bank which has not made an annual profit since 2007, booked £6.96bn of losses for 2016, against a £1.98bn loss y-o-y. Revenue £12.4bn vs £12.08bn expected, targeting £2bn of cost cuts over four years. It anticipates profitability in 2018. Hopes to settle RMBS probe this year. Closing Price 249.40p (Reuters/Bloomberg)
Anglo American (AAL.L), BHP Billiton (BLT.L), Glencore (GLEN.L), Rio-Tinto (RIO.L) - London copper prices found modest support after a big fall overnight amid fresh doubts over Chinese demand and some upward movement in the U.S. dollar, but were still on track for a weekly decline of around 2%. Closing price 1269.50p, 1347.50p, 331.35p, 3418.00p (Reuters)
International Consolidated Airlines (IAG.L) – Said operating profit before exceptional items for 2016 was €2.5bn, up 8.6% and roughly in line with expectations. Said it intended to carry out a share buyback of 500 million euros during the course of 2017. Closing Price 504.50p (Reuters)
Pearson (PSON.L) – Posted a 2016 statutory loss of £2.3bn after writing down the value of the business. Reported 2016 adjusted operating profit of £635m, down 21% on the year but slightly better than expected. Net debt increased to £1.1bn, from £654m the year before. Closing Price 646p (Reuters)
Standard Life (SL.L) – Reported full year operating profit after tax up 9% to £583m vs £538m according to statement with a 16% increase in group assets under administration and a better than expected dividend announced of 13.35pp share vs 13.26p. Closing price 375.10p (Bloomberg)
William Hill (WMH.L) – Stated its full year net revenue missed forecasts and came in at the lower end of the expected range, £1.60bn generated against and estimated £1.64bn with the range of £1.61bn - £1.66bn. Closing price 261.90p (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