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
Petrofac PLC (PFC.L) - trading in-line with expectations, new orders $1.8bn, net debt $900m forecast in-line. Closing price 536.20p (DowJones)
BHP Billiton (BLT.L) - agreed with Vale to a 2yr delay in settling a $41bn civil suit for the 2015 Samarco dam collapse (still to be Federally approved). No time frame on restart of Samarco iron-ore mine. Closing price 1602.80p (DowJones)
Anglo American (AAL.L) - reports cycle 5 diamond sales of $575m, +3.8% sequentially, +6.2% YoY. Closing price 1620.20p (DowJones)
Inmarsat (ISAT.L) – Yesterday, reports suggested a potential offer for Inmarsat from telecoms provider Eutelsat, which has been denied today. Closing price 632.20 (Sigma Squawk)
Carpetright PLC (CPRC.L) - FY group rev. -3%, adj. EBITDA -77.6%, net debt jumps 5.4x on poor operating performance and tighter credit from suppliers. Recent trading disrupted by restructuring, but improved since CVA approval and equity raising. Closing price 30.00p (Reuters)
Intl. Cons. Airlines PLC (IAG.L) - Prime Minister Theresa May said the £14bn Heathrow, which is operating at full capacity shows Britain is open for business after Brexit. Expansion is due to commence in 2021 and completion of the project is due in 2026. Closing price 699.20p (Reuters)
Easy Jet PLC (EZJ.L) – CEO said he would be interested in setting up a base in Heathrow after lawmakers approved 3rd runaway. Closing price 1725.00p (Reuters)
(Sources: Company newswires, Bloomberg, CNBC, FT, Reuters, Wall Street Journal)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| IWG | IWG | 3.3% | 5.8% | 0.7% |
| COUNTRYWIDE | CWD | -29.9% | -21.3% | -29.9% |
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