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
BP Plc (BP.L) - Is piling up assets with more than $3bn of deals announced in three days as CEO Bob Dudley expects to now see growth from the company. BP has announced a $2.2bn expansion of output in Abu Dhabi and $916m investment in fields in Mauritania and Senegal. Bringing its 2016 acquisitions to more than $3.8bn, the highest in four years. Closing price 490.80p (Bloomberg)
Carnival PLC (CCL.L) – The cruise industry is to spend $6.8bn on Ocean Ships in 2017, up 4.6% taking total global vessel fleet to 448. Passenger numbers are also forecast to increase 4.5% in 2017. Keep an eye out for Carnival who announce their results in the US this afternoon. Closing price 4023.00p (Bloomberg)
Lloyds (LLOY.L) – Has agreed to acquire MBNA from BofA for £1.9bn in an all cash deal in H2 2017. MBNA assets are valued at £7bn, which sources say should add to shareholder value. This should add £650m to Lloyds group revenue annually. Closing price 62.55p (Bloomberg)
London Stock Exchange Group (LSE.L) – The LSE and LCH Group confirm talks have started with Euronext NV for sale of LCH.Clearnet SA, LCH’s French-regulated operating subsidiary, to be reviewed by the European commission. The sale is to address proactively anti-trust concerns in relation to certain businesses. Closing price 2789.00p (Bloomberg)
WPP (WPP.L) - Said that three of its subsidiaries had received subpoenas from the U.S. Department of Justice as part of an investigation into video production practices in the advertising industry. Closing price 1782.00p (Bloomberg / 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