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Movers & Shakers - 23 April 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

Associated British Foods (ABF.L) – H1 Revenue £6.21bn vs. £6.33bn expected, Operating profit £497m in line, pretax profit £468m vs. £463m expected, EPS 45.8p vs. 44.1p expected, Primark to open stores in north east US. Closing Price 2722.00p (Bloomberg)

ARM Holdings (ARM.L) – Reported a 9% rise in Q1 profit to £97.1m from a 16% increase in revenue. Said its customers were signalling an upturn in demand in the second half of the year. Closing Price 983.00p (Reuters)

Fenner (FENR.L) – Revenue declined 8% to £356m, pretax profit for H1 fell to £17.6m vs. £26.1m last year, expects demand for its machinery to pick up in newer markets, offsetting slow demand in Russia, Ukraine and UK. Closing Price 390.00p (Reuters)

Petra Diamonds (PDL.L) – Q3 Production up 15% to 743,424 carats, on track to meet FY production target 3m carats, revenue jumped 55% to £163.9m including 29.6 carat blue diamond which sold for $25.6m, strong start to the year with prices up 10%. Closing Price 150.70p (Reuters)

Sports Direct International (SPD.L) – Q1 sales up 10.3% to £360m, gross profit increased 11.5% to £147m, board is very confident of achieving at least our full year internal underlying EBITDA target of £310m, before charge for employee bonus share scheme. Closing Price 830.00p (Bloomberg)

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
AstraZeneca AZN.L 4.71% 9.67% 4.64%
Genel Energy GENL.L 0.43% 1.56% -2.29%
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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.

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