Getting latest data loading

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Movers & Shakers - 28 May 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

Firstgroup (FGP.L), Serco (SRP.L) - Says targets unchanged after losing Caledonian Sleeper contract. Notes the announcement today that Serco will be operating the new Caledonian sleeper rail franchise. Closing price 138.5p, 355p. (Reuters)

Weir Group (WEIR.L) - said it submitted a revised acquisition proposal for Finnish rival Metso on May 20th, but the approach had been rejected a week later. Weir said on Wednesday it did not intend to pursue the opportunity any further at this time. Closing prices 2604p. (Reuters)

De La Rue (DLAR.L) - Reported a 43% rise in operating profit for the financial year that saw a profit warning and the departure of its chief executive Tim Cobbold. Operating profit rose to £90.5m for the year ended March 29th, slightly ahead of its guidance, from £63.2m a year earlier. Closing price 810p. (Reuters)

Glaxosmithkline (GSK.L) - Britain's fraud office has launched a formal criminal investigation into GlaxoSmithKline, posing a new challenge to the drug maker, which already faces claims of bribery in China and four other countries. Closing price 1634p. (Reuters)

Morrisons (MRW.L) - Faced with falling profits, grocer WM Morrison is asking suppliers to cover the cost of ensuring products to meet regulations in the latest of a series of payment demands. Closing price 200p. (Guardian)

Telford Homes (TELF.L) - Full-year pre-tax profit rises. Total dividend 8.8p per share. Full-year pre-tax profit £19.2m versus £9m year ago. 98% of expected open market completions for year to march 2015 forward sold. Over £70 million of apartments sold at Stratford Central, E15 over last four weeks. Board expects pre-tax profit to double again by 31st March. Closing price 291p. (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
Tullow Oil TLW.L 0.65% 1.29% -0.84%
Lloyds LLOY.L 1.57% 1.94% 0.58%
Aveva AVV.L 8.75% 13.84% 1.11%
A.G. Barr BAG.L 2.65% 2.65% 0.08%
AstraZeneca AZN.L -1.75% -1.06% -2.78%
Intercontinental Hotels IHG.L 3.41% 6.69% 3.36%
Back to Top

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

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.