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Movers & Shakers - 18 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

Reckitt Benckiser (RB.L) – Has cut its full-year sales forecast after another decline in Q3 sales, -1% to £3.21bn YoY and missing analysts’ expectations , struggling to deal with the fallout from a cyber attack, a failed product launch and a safety scandal in South Korea. Closing price 7035.00p (Reuters)

Foxtons (FOXT.L) – Said its Q3 revenue fell 6.4%, hit by lower sales commissions and a challenging London market. Although letting revenues remained stable. Closing price 73.00p (Reuters)

Hochschild Mining (HOC.L) – Said its achieved record production levels in 3Q this year, Q3 silver equivalent production hit 10.3m Oz and gold hit 67.2m Oz. Closing price 221.40p (Bloomberg)

British Land PLC (BLND.L), Land Securities (LAND.L), Segro PLC (SGRO.L), Hammerson PLC (HMSO.L) - European real estate investors may turn away from the U.K. commercial-property market favoring countries including Germany and Spain, due to high prices, low supply and political uncertainty. A survey by Knight Frank found that less than 12% rated Britain as their preferred medium-term investment target, down from 16% y-o-y. Closing prices 607.50p, 986.50p, 547.50p, 534.00p (Bloomberg)

(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
ASOS ASC 0.9% 2.6% -2.7%
MERLIN ENTERTAINMENT MERL -15.9% -14.1% -21.1%
RIO TINTO RIO -0.2% 0.7% -0.6%
VIRGIN MONEY VM/ 4.4% 5.4% 0.5%
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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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