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
Crest Nicholson Holdings (CRST.L), Barratt Developments (BDEV.L), Berkeley Group (BKG.L), Taylor Wimpey (TW.L) - The number of unsold London homes under construction rose to a record in Q1 as higher taxes, affordability issues and economic uncertainty damp demand for the most expensive properties. The number of properties being built or completed that have yet to find a buyer surged 8% to 27,000 units from about 25,000. Closing prices 595.00p, 584.00p, 3303.00p, 202.00p (Bloomberg)
Antofagasta (ANTO.L) – With 3-month copper prices on the London Metal Exchange up 0.7% at $5,692.50/ton, a major earthquake has rocked Chile this morning according to reports. Closing prices 840.50p (Dow Jones newswire / Sigma Squawk)
St. James's Place PLC (SJP.L) – Apportioned strong client fund retention with group funds under management climbing 29% to £79.8bn up from £62bn y-o-y taking in £2bn in net new money during Q1, boosted by demand for its pension and savings products. Closing price 1115.00p (Reuters)
Virgin Money Holdings (VM.L) – Said it saw cash deposits grow by £900m to £29bn in Q1 with gross mortgage lending of £2b in Q1, reaffirming its confidence in meeting its guidance for 2017. Closing price 323.10p (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