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Movers & Shakers - 26 July 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

GlaxoSmithKline (GSK) - The pharmaceutical giant reports its H1 results around midday today. Shares slid 2.3% after reporting Q1 results.

Glencore (GLEN) - Copper has continued to rally overnight having touched a 4-year high yesterday. The red metal is on course for its best week since Donald Trump's election as US President in November.

ITV (ITV) - Announced that revenue pressures are expected to ease in Q3 to -4% after reporting HY advertising revenues fell by 8%. The group left FY guidance unchanged and raised its interim dividend by 5%.

Tullow Oil (TLW) - Reported a $518m H1 pretax loss as weaker Oil prices and $640m of impairment costs weighed. This compares to a $24m pretax profit in H1'16. The group's sales revenues increased to $788m versus $541m last year.

(Sources: Company Newswires, Bloomberg, FT, Reuters)

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
Acacia Mining ACA -8.1% -1.5% -16.9%
Jimmy Choo CHOO 17.1% 17.4% 16.7%
Provident Financial PFG -5.4% 3.1% -5.7%
Rio Tinto RIO 4.7% 4.9% 1.0%

 

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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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