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This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Movers & Shakers - 12 October 2015

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

Glencore (GLEN.L) - Said it would announce the proposed sale of some assets in Australia and Chile, as it sought a trading halt for its Hong Kong-listed shares, in the latest move to slash its debt pile. Closing price 129.10p (Reuters)

SABMiller (SAB.L) – Has rejected Anheuser-Busch InBev's (ABI.BR) $100bn takeover offer as too low, but another revised  higher bid could come before Wednesday's bid deadline. Closing price 3668.50p (Reuters)

Tesco (TSCO.L) - has revamped its price-matching scheme to give shoppers instant reductions on branded goods at the till, the latest shot to be fired in the current price war. Closing price 2204.8p. (Reuters)

Plus500 (PLUS.L) - Entered Q4 2015 with positive momentum. Revenue was $207.9m in nine months to September, still ahead of 2014 revenue. The company is now targeting high value customers. Closing price 354.50p (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
Glencore GLEN.L 7.00% 15.79% -2.20%
Vedanta Resources VED.L 12.17% 14.91% 3.77%
Direct Line DLG.L -0.37% 1.11% -0.45%
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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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