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
AstraZeneca (AZN.L) – Has agreed to sell Pfizer (PFE) its antibiotics business in most markets globally outside the US*. Totaling payments of up to $1.325bn. Closing price 5062.00p (Reuters)
WPP (WPP.L) – Now expected full-year revenue growth to be “well over” 3%, against forecast of “over” 3%. Analysts had expected H1 net sales growth to come in around 3.2%-3.3%. Said it would step up its drive to increase sales in its fast growing markets and new media divisions, particularly following Britain’s vote to leave the European Union. Closing price 1745p (Reuters)
Glencore (GLEN.L) – H1 adjusted underlying profit down 13% at $4bn. On track to cut debt target set in march through asset sales of $16.5 – $17.5bn for the year, already cutting debt by $4-5bn, and setting new $17-$18bn debt cut for year. Closing price 189.80p (Reuters)
International Consolidated Airlines (IAG.L) – Potential read-across after Aussie flag carrier Qantas posted a record full year statutory profit after tax of $1.03bn, up 85% on its $557m profit result a year ago. Closing price 393.30p (Reuters)
Cairn Energy (CNE.L) – ConocoPhillips’ plan to sell its stake in an oil find off Senegal to Woodside Petroleum hit a speed-bump on Tuesday. The SNE joint venture’s operator and 40% stakeholder, Britain’s Cairn Energy PLC, has said the field could start producing by 2020. Closing price 193.10p (Reuters)
Hikma Pharmaceuticals Plc (HIK.L) – Posted a 14% drop in their operating profit, due to a lower contribution from its generic business. Full year revenue is expected to continue to be in the range of $2bn. Closing Price 2303.00p (Reuters)
Paddy Power Betfair (PPB.L) – Posted revenue up 18% to £759m and underlying profit up 31%, with double-digit growth in all four divisions. Interim dividend of 40pp share announced, taking dividends for the period to 52pp share. Closing Price 9950.00p (Reuters)
For more information on any of these individual news items, call into the trading floor
| Stock | Code | Close | High | Low |
| Sage Group | SGE | 0.96% | 0.96% | -0.36% |
| Rank Group (The) | RNK | 0.63% | 4.24% | 0.36% |
| 888 Holdings | 888 | 5.37% | 6.34% | 0.61% |
| William Hill | WMH | 3.89% | 6.43% | 1.73% |
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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