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Movers & Shakers - 16 January 2018

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 oiler faces a $1.7bn post-tax non-operating charge as the company's Deepwater Horizon claims facility approaches closure, bringing the total payments related to the disaster to around $3 billion, compared to the company's third-quarter estimate of just over $2 billion.

JD Sports (JD.) - The fashion retailer has raised profit forecasts for the second time in four months, bucking the trend of other high street names. After LfL sales increased 3% since July, the company now expects FY profits to be £300m, above the top end of previous market expectations of £270m to £295m

Provident Financial (PFG) - The non-standard lender expects its Consumer Credit Division (CCD) to report a pre-exceptional loss of approximately £120m. at the upper end guidance provided in August 2017.

Rio Tinto (RIO) - The dual-listed miner reported FY production in line with estimates across all major products, while Q4 hits FY iron ore export targets despite 2017 weather and rail issues.

 

(Sources: Company newswires, Bloomberg, CNBC, 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
CARILLION CLLN  –  –  –
GEM DIAMONDS  GEMD 15.6% 17.9% 4.2%
WILLIAM HILL  WMH -0.1% 1.5% -0.9%
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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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