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Movers & Shakers - 17 October 2014

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

Jimmy Choo (CHOO.L) – Has set its price at 140p a share, the bottom of its indicative range, valuing the company at £545.6m. Following the listing of 25.9% of the company, owner JAB Luxury will have 70.2% of the issued share capital. JAB will receive gross proceeds of £141m. Conditional dealings in the shares begins at 0700 GMT on Friday on the London Stock Exchange. Opening Price 140.00p (Reuters)

Old Mutual (OML.L) – Old Mutual Wealth will acquire Quilter Cheviot for a consideration of up to £585m. Transaction is expected to meet group's ROE target range of 12 to 15% and generate annual group synergies of £15m by 2017. Closing Price 169.50p (Reuters)

Rolls-Royce (RR.L) – "We previously said that we expected a resumption of growth in 2015. In the light of these uncertainties, our current best estimate for 2015 is that group underlying revenue will be in the range of +/-3 percent and profit in the range of 0 percent to -3 percent compared with our expected outcome for 2014 at constant exchange rates," the company said on Friday. Closing Price 940.50p (Reuters)

Travis Perkins (TPK.L) – Posted slowing sales growth in its third quarter though it still won market share. Sales at outlets open over a year rose 5.7% in the three months to Sept. 30. Closing Price 1637.00p (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
BSkyB BSY.L -0.99% 2.15% -2.15%
Man Group EMG.L 3.14% 8.03% 1.29%
Shire SHP.L -7.33% -2.42% -14.05%
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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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