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
Antofagasta (ANTO) – The miner has announced FY revenues improved 31% thanks to higher Copper prices, while EBITDA climbs 59%, its highest margin since 2012. Operating cash flow increased by 71% as net debt falls, allowing management to increase the FY dividend by 177% (67% payout); Copper production expected to grow quarter-by-quarter throughout the year, leaving other production guidance, costs and CAPEX unchanged.
Greencore (GNC) – The food producer has cut its FY18 outlook for adjusted EPS (of which two thirds is weighted to H2) to reflect business developments, as UK volumes weaker following poor weather, US also lower and current FX rates weigh. Profits warning.
Legal & General (LGEN) – The financial giant acquires full ownership of Cala Homes, an upmarket housebuilder, purchasing the final 52.1% it did not already own.
TP ICAP (TP) – The brokerage has announced cost savings almost three times higher than guided. FY revenues rose 4.1% as flat markets becalmed global volatility, however underlying pre-tax profits rose less than 1%.
(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 |
| ASTRAZENECA | AZN | 0.3% | 1.1% | -0.2% |
| CAPITA | CPI | 1.7% | 2.3% | -0.1% |
| GKN | GKN | -2.5% | 2.7% | -3.3% |
| HIKMA PHARMACEUTICALS | HIK | -2.0% | 0.2% | -6.0% |
| MELROSE INDUSTRIES | MRO | -5.0% | 2.2% | -5.7% |
| VECTURA GROUP | VEC | -2.3% | -1.7% | -9.2% |
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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