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Movers & Shakers - 2 October 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

International Consolidated Airlines (IAG), easyJet PLC (EZJ), Ryan Air Holdings (RYA), Thomas Cook Group PLC (TCG), TUI (TUI) -  KPMG executives were appointed as the administrators to Monarch Airlines Ltd., who have been placed under administration and all its flights have been cancelled following the suspension of its air operating certificate. Closing prices 1217.00p, 16.27c, 120.30p, 1266.00p (Bloomberg)

AstraZeneca (AZN.L) -  The Chairman Leif Johansson says the company may need to move some research and production from the U.K. in case of a hard Brexit, saying that while there are no concrete plans for any move, the company has started some preparations in case there will be a hard Brexit. Closing price 4955.00p (Bloomberg)

Barclays PLC (BARC), Lloyds Banking Group (LLOY), Royal Bank of Scotland (RBS), HSBC (HSBA) - Sterling had its best month in more than two years on expectations of a BoE interest-rate increase in November. However, some analysts see the pound falling 3.5% to $1.28 by year-end. Banks are poised to channel thousands of employees out of the U.K. and to see their Brexit bills reaching $500m or more. Closing prices 193.35p, 67.73p, 268.30p, 737.10p (Bloomberg)

 

(Sources: Company Newswires, Bloomberg, FT, Reuters)

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

Prior day's Movers & Shakers:

Stock Code Close High Low
FRESNILLO FRES 0.2% 0.2% -2.0%
IMPERIAL BRANDS  IMB -4.0% -0.2% -4.6%
ROYAL BANK OF SCOTLAND  RBS -1.6% 0.1% -2.7%
RANDGOLD RESOURCES  RRS 0.7% 0.7% -1.2%
TUI  TUI -1.7% -0.9% -3.6%
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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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