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Movers & Shakers - 23 February 2018

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

International Consolidated Airlines (IAG) – The British Airways parent has released a mixed bag of results. While revenues of €22.97b were bang in-line, the 14.5c dividend beats 12.5c estimates and adjusted EBIT €3.1b beat €3.05bn estimates, adjusted EPS of €1.02 look light of €1.06 estimates. Announces new €500m buyback as expected.

Pearson (PSON) – The publisher has slashed its dividend to 12p from 34p previously (-65%), although delivers profits at the upper end of expectations.

Royal Bank of Scotland (RBS)  The UK bank has posted its first annual profit in nine years, despite a small Q4 loss. 2017 total income £13.1B beats £12.96b estimates, while Q4 £3.1B in-line. Net interest margin are a shade lower and legacy issues remain with another £760m litigation in Q4, however costs are down 10%.

Standard Life Aberdeen (SLA) – Fresh from the £109bn withdrawal of Lloyds’ Scottish Widows business, the asset manager has announced it is selling its insurance business to Phoenix for £3.2bn (£2.8bn + 20% stake).

 

(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

Prior day's Movers & Shakers:

Stock Code Close High Low
ANGLO AMERICAN  AAL 0.2% 0.5% -5.4%
BAE SYSTEMS  BA/ -2.7% 1.0% -4.7%
BARCLAYS  BARC 4.4% 6.4% 2.8%
BRITISH AMERICAN TOBACCO  BATS -2.1% -2.1% -5.8%
CENTRICA  CNA 7.5% 8.5% 1.4%
RSA INSURANCE GROUP  RSA 3.2% 3.9% 0.2%
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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.

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

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