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
Associated British Foods (ABF) - The retailer has left outlook unchanged following H1 sales growth for all business except sugar, the latter leaving adjusted operating profit flat. Primark like-for like sales -1% (UK +4%) after warm October, but record Christmas and encouraging early Spring/Summer, leading to management expectations of acceleration in H2.
Bunzl (BNZL) - The distribution company has announced FY revenues increased 16% (+10% at constant FX, 4.3% organic), with adjusted EBIT/PBT 13% higher (+7% ex-FX), although margins were weaker by 20bps. The company raised its dividend by 10%.
Hammerson (HMSO) - The REIT has announced full-year net rental income increased 6.9%, helping adjusted profits improve by 6.8%, while its portfolio increased by 5.9%, NAV +5% and raised dividend by 6.5%.
Hiscox (HSX) - The insurer has announced pretax profits fell 91% in 2017 after a historic year for catastrophe payouts. While gross premiums improved 6%, expenses also increased by an impressive 92%.
Provident Financial (PFG) - The Telegraph reports the embattled lender may be mulling a £500m rights issue.
(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
| Stock | Code | Close | High | Low |
| INTL CONSOLIDATED AIRLINES | IAG | -4.8% | -1.1% | -5.1% |
| PEARSON | PSON | -0.2% | 6.8% | -2.0% |
| ROYAL BANK OF SCOTLAND | RBS | -3.2% | -1.2% | -3.2% |
| STANDARD LIFE ABERDEEN | SLA | -1.3% | 6.1% | -3.1% |
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