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
Rio Tinto (RIO) – said its Q2 iron ore shipments from Australia climbed 14%. Annual production is also forecast be at the upper end of its guidance. Closing price 4006.50p (Reuters)
Royal Mail (RMG) – Reported its total revenue for Q1 was +2% higher, however, letter revenue was down -5%, Closing price 480.20p (Bloomberg)
Marks & Spencer (MKS) – Said on Monday it would cut 351 jobs at stores across the country, seeking to make savings in a brutally competitive market. Closing price 310.61p (Reuters)
Galliford Try (GFRD) – Expects to see pre-exceptional full year results which are in line with guidance, with expectations for a further exceptional charge in H2. Closing price 833.00p (Reuters)
British Land (BLND) – Dividend +3%; Office Occupation 98%, 64% pipeline let/under offer (+10pts since May); Retail remains challenging, internet competition compounded by trading headwinds; Occupancy 96.4%; CVAs = 1.6% of rents, up from 1% in May. Closing price 651.80p (DJ)
TalkTalk (TALK) – Q1 net adds +80K, headline revenues +4.1% YoY -1.8% QoQ; FY guidance unchanged (headline EBITDA +15%, improved cash flow). Closing prices 109.80p (Bloomberg)
SSP (SSP) – Reported revenue for Q3 of +7.3%, with L-f-L Q3 sales at constant exchange rate rising +7.3%. Closing price 659.10p (Bloomberg)
Dairy Crest (DCG) – Said Q1 four Key Brands Sales climbed +6%, with Q1 in line with expectations and the full year outlook remained unchanged. Closing price 469.60p (Bloomberg)
(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 |
| ANGLO AMERICAN | AAL | -1.0% | 0.2% | -2.0% |
| BHP BILLITON | BLT | -2.5% | 0.2% | -2.7% |
| GLENCORE | GLEN | -1.2% | 0.2% | -2.1% |
| VEDANTA RESOURCES | VED | 0.1% | 0.6% | -1.2% |
| RIO TINTO | RIO | -0.4% | 0.5% | -1.3% |
| MEGGITT | MGGT | -0.3% | 1.1% | -0.3% |
| BAE SYSTEMS | BA/ | 0.2% | 1.2% | -0.4% |
| ROLLS-ROYCE | RR/ | -0.7% | 1.1% | -1.4% |
| BABCOCK | BAB | 0.2% | 1.5% | -0.1% |
| INDIVIOR | INDV | 16.9% | 34.4% | 16.6% |
| CREST NICHOLSON | CRST | 0.3% | 0.6% | -0.7% |
| TAYLOR WIMPEY | TW/ | -0.7% | 0.3% | -1.2% |
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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Prepared by Michael van Dulken, Head of Research