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
GKN & Melrose Industries (GKN & MRO) – Melrose has offered an additional £1bn injection to GKN’s pension fund to help secure the hostile takeover, as well as lowering the acceptance to 50% + 1 share. GKN says new combined Dana and GKN Driveline business to have LSE listing.
Hammerson (HMSO) – The shopping centre owner has rejected a 615p cash and share approach (40.7% premium, worth £4.5bn) from France’s Klépierre.
Ladbrokes Coral, Paddy Power Betfair & William Hill (LCL/PPB/WMH) – The UK Gambling Commission has recommended that the maximum stake on slot fixed odds betting terminals should be lowered from to just £2, while non-slot machines should be ‘below £30’.
Micro Focus International (MCRO) – The tech company’s CEO is to leave the group with immediate effect as it warns full-year revenues will fall by more than previously expected, now between 6% and 9% from
Standard Chartered (STAN) – The Asia-focused bank has put its head of compliance on leave as the company addresses anti-money laundering claims in Singapore.
(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 |
| BERKELEY GROUP | BKG | -5.4% | -3.0% | -6.6% |
| WETHERSPOON (J.D.) | JDW | -6.3% | 3.6% | -7.0% |
| LADBROKES CORAL GROUP | LCL | 1.0% | 1.5% | -0.6% |
| NEX GROUP | NXG | 30.4% | 38.7% | 27.5% |
| WILLIAM HILL | WMH | 0.2% | 0.9% | -0.9% |
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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