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
BT Group PLC (BT.A) – The UK’s largest telecoms provider is set to reveal plans to cut thousands more jobs as it battles to win back investors after 2017’s accounting scandal. The share price fell 5% in Thursday trading after another key broker downgrade. Closing price 232.04p (Reuters)
International Consolidated Airlines Group (IAG.L) - Saw operating profit jump 35%, making €280m in the three months ended March 31, beating a consensus forecast from analysts of €206m and a 75% increase on the €160m it made Q-o-Q. It acquired a 4.6% stake in Norwegian in April. Closing price 642.60p (Reuters)
Pearson PLC (PSON.L) – Has reported a 1% rise in underlying revenue for Q1 saying said it was on course to meet its expectations for the year. It generates 61% of its profits in US Dollars. The CEO, said the company made a good start to 2018, expecting to grow underlying profit in 2018, cutting the dividend last year to strengthen the balance sheet. Closing price 830.5p (Reuters)
InterContinental Hotels Group PLC (IHG.L) - Reported a 3.5% rise in Q1 global room revenue, saying it was confident in the outlook for the year ahead. Continental Europe revenue per available room, a key metric for the firm was up 6% in Q1 due largely to a weaker Dollar and "continued recovery in terror impacted markets". Closing price 4622.60p (Reuters)
HSBC Holdings PLC (HSBA.L) – Announced a $2bn share buyback failed to ease investor sentiment, the stock tumbled 2.7% in Asia after the bank reported costs rose at a faster pace than revenue in Q1, as much as 8%. Q1 revenue matched analysts’ forecasts. Closing price 723.30p (Blomberg)
(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 |
| WIZZ AIR | WIZZ | 0.2% | 2.5% | -0.9% |
| SMITH & NEPHEW | SN/ | -0.2% | -5.3% | -8.4% |
| FOXTONS | FOXT | 0.9% | 2.9% | -1.1% |
| RIGHTMOVE | RMV | 0.4% | 0.3% | -1.1% |
| GLENCORE | GLEN | 3.2% | 5.5% | 3.3% |
| CENTAMIN | CEY | 3.8% | 5.3% | 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