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
Royal Bank of Scotland (RBS) – UK Government has sold a 7.7% stake (part of its 70.1% bailout; now down to 62.4%) at 271p per share, raising £2.5bn for taxpayers, albeit at a loss on the average 502p per share £45bn 2008 bailout. Closing price 280.90p (Reuters)
Scottish Mortgage Investment Trust (SMT) – Raises a further £170m in long-term fixed-rate senior, unsecured, private placement 20-30 year notes, at a cost of just under 3% per annum. Closing price 516.00p (Reuters)
Standard Chartered (STAN) – Announces tender offer for repurchase £1.85bn outstanding debt due 2020, 2034 and 2038, without impacting 2018 funding plans. Closing price 764.00p (Reuters)
Ryanair (RYA) – May traffic +6% YoY to 12.5m flyers, load factor +1% to +96%, asks EU to prevent further air-traffic controller strikes after it had to cancel 1,100 flights in May. Closing price 1681.00p (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 |
| WIZZ AIR | WIZZ | 0.2% | 1.9% | -0.3% |
| IQE | IQE | 6.1% | 8.5% | -0.2% |
| DS SMITH | SMDS | 3.0% | 3.7% | 0.3% |
| CYBG | CYBG | 2.2% | 4.1% | 0.8% |
| VIRGIN MONEY | VM/ | 0.6% | 0.9% | -3.7% |
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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