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Movers & Shakers - 13 October 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

Aviva (AV.) - The insurer will sell its 49% stake in its Taiwanese joint venture as it looks to focus on more profitable markets.

GKN (GKN) - The company has announced that it expects FY profits to be only 'slightly above' last year's levels after a couple of unexpected claims in its aerospace division could result in a £40m charge in Q4.

HSBC (HSBA) - Alongside Citigroup and Deutsche Bank, the Asian focused lender has agreed to a total $132m settlement over the Libor rigging scandal. HSBC will pay $18.5m, while Deutsche Bank and Citi will pay $80m and $33.4m respectively.

Provident Financial (PFG) - The embattled sub-prime lender has announced that its key Vanquis business delivered good Q3 growth, however it still sees a FY loss of between £80-100m and the FY dividend will not be paid.

 

(Sources: Company Newswires, Bloomberg, FT, Reuters, Wall Street Journal)

 

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
ACACIA MINING  ACA -0.4% 2.3% -4.5%
BHP BILLITON  BLT 0.7% 1.2% 0.1%
EASYJET  EZJ 2.5% 3.2% 0.5%
RIO TINTO  RIO 0.3% 0.9% -0.2%
SKY  SKY 1.1% 2.3% -0.4%
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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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