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
BP (BP.L), Royal Dutch Shell (RDSb.L), Tullow Oil (TLW.L), Cairn Energy (CNE.L) Weir Group (WEIR.L), Premier Oil (PMO.L) - Oil prices extended gains by more than 1.5% on Thursday. Industry data showed what might be the largest weekly drawdown in US crude stocks since April 1985, due to be confirmed today, surprisingly stocks plunged by 12.1mb last week, data from the API showed versus expectations for an increase of around 200,000 barrels.. Closing prices 433.35p, 1976.00p, 232.00p, 191.70p, 1614.00p, 66.75p (Reuters)
GW Pharmaceuticals (GWP.L) - Is working with an investment bank (Morgan Stanley) after other drug makers approached it to express interest in an acquisition. Closing price 526.5p. (Reuters)
Dixons Carphone (DC.L) - Beat forecasts on Thursday with a 4% rise in quarterly sales versus 2.5% expected from analysts, seeing no impact from the vote to leave the EU in June. Closing price 374.20p (Reuters)
Barratt Developments (BDEV.L), Bovis (BVS.L), Bellway (BWY.L), Persimmon (PSN.L), Taylor Wimpey (TW.L) – A RICS survey said the U.K. housing market gained momentum in August with appreciating house prices. It’s price gauge rose to 12 from a three-year low of 5 in July as more real-estate agents reported appreciating prices but In London, it remained negative for a sixth month, indicating home values are falling outright. Closing prices 492.20p, 906.00p, 2347.00p, 1832.00p, 159.50p (Bloomberg)
For more information on any of these individual news items, call into the trading floor
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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