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Movers & Shakers - 1 August 2017

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

BP (BP.) - The UK 100 's 3rd largest constituent beats analysts' expectations in Q2, however profits fall 5% at the oil major as a result of the abandonment of its Angola project.

British American Tobacco (BATS) The Serious Fraud Office has announced it is to open a formal investigation into 'misconduct' at the company following an internal probe.

Centrica (CNA) - The parent company of British Gas are set to increase prices for consumers by 12.5% in mid-September.

Rolls-Royce (RR.) - The engine maker's half-year underlying pretax profit increases by almost 150% YoY as it looks to close the book on bribery charges, while concerns of poor FY free cash flow may be dispersed as HY FCF is reported +18%.

Taylor Wimpey (TW.) - HY pretax profit falls by 24% as the housebuilder puts aside £130m contingency for housebuyers affected by a leasehold scandal, however sales remain strong despite Brexit and UK election concerns. Announces a special dividend of 10.4p.

(Sources: Company Newswires, Bloomberg, FT, Reuters)

For more information on any of these individual news items, call into the trading floor

Prior day's Movers & Shakers:

Stock Code Close High Low
AstraZeneca AZN 2.5% 3.7% 1.6%
British American Tobacco BATS -4.9% 0.3% -4.9%
HSBC HSBA 2.1% 4.1% 1.8%
Mitie Group MTO -1.5% 0.2% -2.5%

 

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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

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