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
Anglo American (AAL.L) – Are expected to finalise a $1bn or greater sale of its Australian coal assets to a group headed by private equity Apollo Global Management in the coming weeks. Closing Prices 990.60p (Reuters)
Ashtead Group (AHT.L), Berkely Group (BKG.L), Galliford Try (GFRD.L), Travis Perkins (TKP.L) - Construction output data from the UK is due out this morning at 09:30am, correlated sectors to construction may also be worth watching for data that will show an decrease or increase in activity and the outlook for the coming months since the EU vote to leave. Closing prices 1347.00p, 2425.00p, 1337.00p, 1451.00p (Accendo Markets)
Barclays (BARC.L), Lloyds (LLOY.L), Royal Bank of Scotland (RBS.L) – Keep an eye out for UK Banking stocks today, as across the Atlantic this afternoon we have the US banks kicking-off their Q3 earnings, which may give an indication or hint to the weakness or strength of the UK banking sector. Closing prices 166.50p, 52.53p, 170.40p (Accendo Markets)
Sky PLC (SKY.L) – In a rare display of investor dissent, 28% of voters at the company’s AGM are protesting James Murdoch’s return as chairman over concerns about board independence and a past phone-hacking scandal. His father, Rupert Murdoch’s 21st Century Fox Inc. is Sky’s largest shareholder with a 39% stake. Closing price 848.00p (Bloomberg)
William Hill (WMH.L) – Its largest investor, Parvus Asset management, which ownsmore than 14% of the stock, has come out against its proposed merger with PokerStars owner Amaya Inc., saying it was extremely concerned and that the U.K. bookmaker should pursue a sale instead as it would destroy shareholder value. Closing price 299.00p (Bloomberg)
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