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
GKN PLC (GKN.L) – Saw its senior unsecured debt rating fall to Ba1 from Baa3, an indication of a higher default possibility on expectations its leverage will rise beyond levels commensurate with an investment grade rating following its recent acquisition by Melrose, according to Moody’s. Closing price 482.88p (Bloomberg)
Royal Bank of Scotland (RBS.L) - The U.K. government may begin selling part of its remaining stake in the lender as soon as this week, according to Sky News. Earlier this month it reached a preliminary deal with the U.S. DoJ on its sale of Mortgage backed securities in 2008. A spokesman for RBS declined to comment. Closing price 289.99p (Bloomberg / Sky News)
Standard Life Aberdeen PLC (SLA.L) – Says it will return £1.75bn to shareholders. £1bn via a (B) share scheme and the remaining £750m via a share buyback. Closing price 360.56p (Bloomberg)
ITV PLC (ITV.L) - Is considering entering into a joint venture valued at £1bn with The BBC to acquire half of UKTV. Closing price 168.22p (Reuters / The Telegraph)
(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 |
| SSE | SSE | -1.3% | -0.7% | -3.4% |
| SPECTRIS | SXS | 2.4% | 2.4% | 0.0% |
| ASTRAZENECA | AZN | 0.4% | 0.7% | -0.3% |
| PENNON | PNN | 7.1% | 7.1% | 0.9% |
| CENTAMIN | CEY | -18.6% | -13.1% | -18.8% |
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