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
Johnson Matthey PLC (JMAT.L) – Saw full year revenue +4.0% above the average analyst estimates of £13.58bn, coming in at £14.12bn. Closing price 3388.40p (Bloomberg)
First Group PLC (FGP.L) - Rejected two approaches from a private equity firm in 2018 reported a -5% drop in adjusted pretax profit of £197m. In addition, the CEO has resigned after a poor set of full-year results after what its chairman called a disappointing year stating it was putting its Greyhound bus business in the U.S. under review. Matthew Gregory will take over as CEO and continue as CFO. Closing price 111.38p (Bloomberg / Reuters)
WPP PLC (WPP.L) - Institutional Shareholder Services (ISS) have declared support to the executive chairman recommending that shareholders re-elect Roberto Quarta at the company’s annual meeting on June 13. Closing price 1232.20p (Reuters)
Card Factory PLC (CARD.L) – Says like for like sales had fallen 0.4%, as it struggled in a tough retail environment with fewer customers visiting their stores saying ‘an ongoing sector trend of subdued footfall, impacted the like-for-like performance’. It was also on track to open 50 new stores. Closing price 218.55p (Reuters)
Meggitt PLC (MGGT.L), Wizz Air Holdings PLC (WIZZ.L) – Meggitt has won a long-term contract to supply specially designed wheels and brakes to Wizz Air Holdings PLC, thought to be worth more than $50m over starting from 2021. Closing price 486.31p, 3328.00p (Dow Jones Newswire)
(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 |
| DE LA RUE | DLAR | 3.4% | 4.2% | 0.4% |
| FRESNILLO | FRES | 0.1% | 2.0% | -0.7% |
| ASTRAZENECA | AZN | 1.2% | 1.2% | -0.1% |
| SSE | SSE | -0.3% | 0.3% | -0.9% |
| ROYAL BANK OF SCOTLAND | RBS | -4.7% | -2.8% | -5.2% |
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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