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
TalkTalk (TALK.L) – Said its chief executive Dido Harding would step down, with founder Charles Dunstone becoming executive chairman, as the broadband operator reported a 5.4% drop in Q3 on-net revenue. Closing Price 156.50p (Reuters)
Barratt Developments (BDEV.L) Taylor Wimpey (TW..L) Persimmon (PSN.L) Berkeley Homes (BKG.L) - Annual house price inflation fell to its weakest level since November 2015 last month, and the outlook remains clouded due to uncertain economic prospects, mortgage lender Nationwide said on Wednesday. Closing Price 477.70p, 167.10p, 1929.00p, 2800.00p respectively (Reuters)
Barclays (BARC.L), Lloyds (LLOY.L), Royal Bank of Scotland (RBS.L) - Banks need three years to acclimatize to Brexit and come to grips with the altered relationship between the U.K. and the European Union, according to a report by consultancy PricewaterhouseCoopers LLP. Closing price 219.45p, 64.93p, 221.80p (Bloomberg)
Centamin (CEY.L) – Spot gold price up 2.5% in the last week. Production of 551,036 ounces, a 26% increase on 2015 and above revised guidance range, Cash cost of production of $513 per ounce, down from $713 per ounce in 2015 and below revised guidance range. All-in sustaining costs of $694 per ounce, down from $885 per ounce in 2015. Basic earnings per share of 18.61cp share, up 313% on prior year. Closing Price 156.80p (Reuters)
For more information on any of these individual news items, call into the trading floor
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