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This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Movers & Shakers - 12 February 2018

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

Acacia Mining (ACA) - The Gold miner has announced a $700m loss, primarily due to the impact of its ongoing dispute with Tanzania. The company has scrapped its dividend as it announced a $850m impairment charge.

Barclays (BARC) - The group's banking unit has been charged with a single charge of unlawful financial assistance by the SFO with regard to its 2008 capital raising.

BP (BP.) - Societe Generale has raised BP to Buy with a target price of 615p, 32% above Friday's close.

IQE (IQE) - The embattled Apple supplier has appointed a new auditor having been targeted by multiple short sellers in recent weeks.

 

(Sources: Company newswires, Bloomberg, CNBC, FT, Reuters, Wall Street Journal)


 

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
BARCLAYS  BARC -0.6% 0.4% -1.3%
BRITISH LAND BLND 0.2% 0.9% -0.6%
HSBC HOLDINGS  HSBA -0.2% 0.6% -1.0%
LLOYDS BANKING GROUP LLOY -1.6% 0.1% -1.9%
ROYAL BANK OF SCOTLAND  RBS -2.2% 1.0% -2.6%
STANDARD CHARTERED STAN -1.9% -1.2% -2.6%
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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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