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
AstraZeneca (AZN.L) – Raised its 2014 sales forecast for the second quarter in a row. Sales rose 5% to $6.54bn and earnings came in at $1.05 a share beating analysts’ forecasts of $6.41bn and earnings of $1.03 a share. Closing Price 4620.00p (Reuters)
Easyjet (EZJ.L) – Passengers up 5.5% in Oct 2014 vs Oct 2013. Oct 2014 load factor 90.9% Closing Price 1574.00p (Reuters)
Halfords Group (HFD.L) – H1 group revenues +6.8% (Q2 retail lfl sales +5.7%) Profit before tax and non-recurring items £49.4m, up 10.8% Interim dividend per share 5.5p. Closing Price 503.00p (Reuters)
Morrisons (MRW.L) – Posted another fall in quarterly underlying sales by 6.3% compared to analyst forecasts for a fall of 5.2%. However, Morrisons said it remained confident in its full year 2014-15 profit outlook. Closing Price 162.40p (Reuters).
Randgold Resources (RRS.L) – Show production of 299 320 ounces, up 8% on previous quarter. Total cash cost per ounce of $692/oz was well contained, down 1% on previous quarter. EPS increased by 11% to $0.63 quarter on quarter. Profit from mining of $172.6m was up 6% quarter on quarter Kibali mine produced 145,152 ounces in Q3, substantially up on Q2's 91 137 ounces. Closing Price 3765.00p (Reuters)
Schroders (SDR.L) – Profit before tax and exceptional items was up 16% to £404.4m. Net inflow of £7bn during the period, taking its assets under management to £276.2bn. Also said that it has a significant pipeline of new business won which has not yet been funded. Closing Price 2450.00p (Reuters)
Tate & Lyle (TATE.L) – Reported sharply lower profit and sales for the first half of its fiscal year on Thursday, hurt by supply chain disruptions and increased competition in the market for its Splenda sweetener. Closing Price 609.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Rio Tinto | RIO.L | 1.07% | 1.29% | -0.76% |
| Glencore Xstrata | GLEN.L | 1.42% | 1.42% | -0.82% |
| BHP Billiton | BLT.L | 0.56% | 0.71% | -1.09% |
| Marks & Spencer | MKS.L | 9.74% | 9.91% | 6.10% |
| Meggitt | MGGT.L | 7.55% | 8.30% | 3.41% |
| Old Mutual | OML.L | 0.21% | 0.68% | -0.57% |
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