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
Wizz Air Holdings (WIZZ.L) – Saw its passengers in the month of May climb +18.1% with capacity also higher, up 17.1%. Closing price 3510.00p (Reuters)
IQE (IQE.L) – engaged in VCSEL qualification programs with over 10 additional key chip manufacturers. The first five reactors now on site. Its second five reactors are expected to be delivered starting with Q3, with commissioning later in 2018. Closing price 107.97p (Bloomberg)
DS Smith PLC (SMDS.L) – Has made an offer for Europac, valuing the company at €1.67bn, with implied enterprise value of €1.9bn. The Acquisition and refinancing of Europac debt will be part financed by £1bn rights issue and new debt. Closing price 561.60p (Bloomberg)
CYBG (CYBG.L), Virgin Money (VM.L) – CYBG has raised its offer to buy Virgin Money by a 7% in the exchange ratio through an all-share combination. Closing prices 292.70p, 341.60p (Reuters)
(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 |
| ROYAL DUTCH SHELL B | RDSB | 0.8% | 1.5% | 0.3% |
| LLOYDS BANKING | LLOY | 0.2% | 1.4% | 0.0% |
| BARCLAYS | BARC | 2.4% | 3.0% | 0.7% |
| ROYAL BANK OF SCOTLAND | RBS | 1.5% | 2.8% | 0.5% |
| HSBC | HSBA | -0.1% | 0.6% | -0.2% |
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