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
International Consolidated Air (IAG.L), Easyjet (EZJ.L), Ryanair (RYA.L) - Egyptian airline Egypt Air says its Flight MS804, en route from Paris to Cairo and carrying 69 people, has "disappeared from radar." Closing prices 527p, 1487p, 13.17euros. (CNBC).
Royal Mail (RMG.L) - Reported a better-than-expected profit for the financial year, as tight cost controls more than made up for losses due to high competition in the UK postal market. Adjusted operating profit before transformational costs rose 5% to £742m in the year ended March 27th. Analysts on an average were expecting £727m. Royal Mail handled 4% fewer addressed letters in the year, a smaller decline than it had forecast, largely due to the return of direct delivery volumes, it said on Thursday. Closing price 508p. (Reuters)
Thomas Cook (TCG.L) - Said its summer bookings were down 5% as tourists shunned Turkey, its second-most popular destination last year, leading to a lower forecast for full-year earnings. Revenue for its first half grew slightly to £2.67bn and its underlying operating loss improved by 5% to £163m thanks to the positive impact of selling higher quality holidays on its margins. Closing price 89.5p. (Reuters)
National Grid (NG.L) - Said its full-year pretax profit rose 15%, aided by strong growth in its interconnectors and property businesses. Pretax profit grew to £3.03bn for the year to March 31st, compared with a profit of £2.63bn a year earlier. Closing price 999.2p. (Reuters)
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