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
Wizz Air Holding PLC (WIZZ.L) –Announced its passenger numbers increased 18% to 2.76m vs 2.32m for April. Closing price 3235.00p (Reuters / Bloomberg)
Smith & Nephew PLC (SN.L) – Downgraded its forecast for full-year underlying revenue growth and profit margin after it saw a slowdown in its bioactives business in Q1. Revenue was £1.2bn however, now forecasting lower underlying revenue for the year down from 3-4% in feb to 2-3%. Closing price 1401.40p (Reuters / Bloomberg)
Foxtons Group PLC (FOX.L), Rightmove PLC (RMV.L) - The U.K. government will ban letting fees for privately rented homes in England from next year through a new Tenant Fees Bill, saving tenants about £240m a year. Also capping deposits at the start of the tenancy to the equivalent of six weeks’ rent and limit costs for changes to tenancy at £50. Closing price 76.89p, 4582.00p (Bloomberg)
Glencore PLC (GLEN.L) – Now expects 2018 trading earnings before interest and tax to be in the top half of the $2.2bn-$3.2bn range previously announced. Q1 output was inline with expectations. Its copper output climbed 150% to 345,000tnns, against 21,300tnns year on year. Closing price 358.12p (Reuters)
Centamin PLC (CEY.L) – Saw its Q1 revenue rise 23% to $172.5m with Q1 pretax profit 122% higher at $65.4m. It also maintains full year production guidance for 2018 Of 580,000 Ounces of gold. Closing price 156.09p (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 |
| DIRECT LINE INSURANCE | DLG | 0.5% | -1.4% | -3.8% |
| STANDARD CHARTERED | STAN | 0.3% | 1.8% | -2.3% |
| IQE | IQE | -1.6% | 5.7% | 1.1% |
| HOWDEN JOINERY | HWDN | 0.7% | 8.3% | 3.2% |
| CONVATEC | CTEC | 0.3% | 4.9% | -1.6% |
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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