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Movers & Shakers - 22 June 2016

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

Debenhams (DEB.L) - Reported a 0.2% fall in like-for-like sales in the 15 weeks to June 11, due to trading conditions which had become more uncertain, particularly in clothing however still expecting profit for the year to be within the range of market forecasts of £119m. Closing price 74.25p (Reuters)

BP (BP.L), Royal Dutch Shell (RDSb.L), Tullow Oil (TLW.L), Weir Group (WEIR.L), Cairn Energy (CNE.L) - Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than expected draw-down on stock piles. Closing prices  382.30P, 1835.00P, 253.60P, 1349.00P, 189.70p (Reuters)

Dow Jones (Wall Street Cash) - The Federal Reserve yesterday delivered its starkest warning yet under Chair Janet Yellen, that by its assessment, U.S. stocks are pricey, with the Dow now trading just 1.5% from all-time highs. Current level 17,852pts (Reuters/Accendo Markets)

For more information on any of these individual news items, call into the trading floor

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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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