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Movers & Shakers - 27 June 2017

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

Aviva (AV.L), Legal & General (LGEN.L), Prudential (PRU.L), RSA Insurance Group (RSA.L), Standard Life (SL.L) - Lloyd’s of London, currently employing around 800 people in Britain, planning 10% job-cuts of its staff in the U.K., is looking to streamline operations and reduce costs amid continued pricing pressure on its members. Plans to introduce a new organization structure in Q4, in which the job cuts will be part of that change, CEO Inga Beale wrote in her half-year email. Closing prices 530.00p, 260.10p, 1816.00p, 620.00p, 393.00p (Bloomberg)

Debenhams PLC (DEB.L) – Warns that the UK trading environment has become more volatile. Warning that 2017 full year profit may come in at the lower end of the anticipated range if the volatility continued. Closing price 44.50p (Bloomberg)

Petrofac (PFC.L) – Sees its net debt in line with expectations, however lowers its full year forecast of integrated energy services and pushes back expected income in to H2. Closing price 426.00p (Bloomberg)

For more information on any of these individual news items, call into the trading floor

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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

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