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Movers & Shakers - 18 August 2017

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) – The U.S. Food and Drug Administration on Thursday expanded the use of Lynparza, sold by AstraZeneca and Merck & Co, to include ongoing treatment of patients with recurrent ovarian cancer who have responded to platinum-based chemotherapy. Closing Price 4481p (Reuters)

Barclays (BARC.L) Lloyds Banking Group (LLOY.L) Royal Bank of Scotland (RBS.L) – The Federal Deposit Insurance Corp, which is responsible for winding up banks that are failing, is suing European banks that include Barclays, Deutsche Bank, Lloyds Banking Group, Royal Bank of Scotland, in a London court over Libor-rigging scandal. Closing Prices 197.25p, 64.40p, 258.10p respectively (Financial Times)

Glencore (GLEN.L) and Chevron Corp (CVX.N) – Said on Thursday announced separate plans to enter Mexico’s fuel market, as the long-hidebound sector begins to attract major foreign players. Closing Price 340p (Reuters)

For more information on any of these individual news items, call into the trading floor

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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.

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