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
UK Banks (BARC, HSBC, LLOY, RBS, STAN) - The Bank of England's financial stress tests were passed by all of the banks involved for the first time since their inception in 2014. The banks' capital levels were tested in a range of scenarios, including a disorderly Brexit, a global recession and greater than expected misconduct costs.
While Barclays and RBS came the closest to their hurdle rate, the minimum capital level required to pass these theoretical scenarios, the BoE gave the sector a clean bill of health, suggesting it could continue to support the economy without the need to raise more capital. The Bank, however, has asked banks to increase their special buffers by 0.5% in order to protect against the risks of Brexit.
British American Tobacco (BATS) - The CEO of Reynolds American, the US firm taken over by BAT earlier this year, is to depart despite maintaining that she would stay on once the merger had completed. She will be replaced by Ricardo Oberlander, currently the Americas regional director.
Ocado (OCDO) - The food delivery business has announced that France's Casino is its first major trading partner.
Royal Dutch Shell (RDSb) - The Anglo-Dutch Oiler has upgraded its guidance, a reverse profits warning, and restored its full dividend after three years. The company previously stated that this would happen once a full recovery from 2014's oil price crash had been reached.
(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 |
| JUST EAT | JE. | -0.4% | -0.1% | -2.1% |
| MICRO FOCUS INTERNATIONAL | MCRO | -3.7% | -0.5% | -4.1% |
| PEARSON | PSON | -2.0% | -0.2% | -2.2% |
| ROYAL DUTCH SHELL | RDSb | -1.0% | 0.3% | -1.1% |
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