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
RSA (RSA.L) - Saw core group 9-month net written premiums rise 6% to £4.55bn vs £4.31bn expected. 4Q can be “bumpy” for underwriting, however on track for strong increases in operating earnings for 2016. Brexit is attractive tailwind for overseas earnings translation. Closing price 544.00p (Bloomberg)
Morrisons (MRW.L) - Reported a 4th consecutive quarter of underlying sales growth, cementing a recovery under a new management team. Sales at stores open over a year, excluding fuel, rose 1.6% in the 13 weeks to Oct. 30, compared to analysts' forecasts which ranged from 1.0 to 1.5%. Closing Price 221.30p (Reuters)
Howden Joinery (HWDN.L) – Reported solid performance in H2 to date, with total revenue in 2H to Oct 29 up 4.1% and is on track to meet FY expectations. Since H1 10 new depots have been opened, resulting in 20 new depots in the UK so far this year and bringing the total to 639. Closing price 381.90p (Bloomberg)
Schroders (SDR.L) - Recorded a 67% fall in the level of net new money raised in the first nine months of the year as they have struggled to gain traction with retail and wealth management clients. Closing price: 2786.00p (FT)
Glencore (GLEN.L) - Says year to date copper production of 1.06mts was 6% down y-o-y due to curtailment of African Copper volumes, partly offset by higher grades and throughput in South America, with zinc production of 789,200tns down 30%. Closing price 246.95p (Bloomberg)
Tate & Lyle (TATE.L) - Sees FY adj pretax at constant currency higher than anticipated coming into year. With H1 sales of £1.32bn against estimates of £1.30bn, the company states H2 performance remains in line with forecasts. Closing price 778.50p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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