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
UK 100 / Dow Jones – Non Farm payrolls data 1.30pm UK time. UK Index and the Dow are both close to year highs, will good or bad data have an increased impact at these current levels. Current level 6,663 & 18,368 (Reuters)
Royal Bank Of Scotland (RBS.L) – Posted an operating loss of £695m in Q2 2016, compared with a profit of £224m in Q2 2015 and £421m in Q1 2016, net lending was up by 17% to £7.9bn in H1, with restructuring costs of £1bn, litigation and impairment charges also expected to be high in 2016. Closing price 192.00p (Reuters)
Bellway (BWY.L) – States it’s too early to assess impact of Brexit but expects to see revenue rise by 27% to £2.2bn above forecasts and estimates, but will exercise caution on purchasing new sites after Britons voted to leave the EU. Closing price 2029.00p (Reuters)
Esure (ESUR.L) – Reported a fall in H1 underlying pretax profit 1.9% to £45.6m, hurt by adverse weather events and Britain’s vote to leave the EU is expected to have limited impact on its operations. Gross written premiums rose 16.3% to £320.4m, with a 18.2% rise in gross written motor premiums. Closing price 280.1p. (Reuters)
William Hill (WMH.L) – Recently sacked its chief executive and has been targeted for a takeover, posted a 16% drop in H1 operating profit, hurt by a poor performance in its online business. Stating H1 of the year had been challenging, but committed to fixing the problems after its online revenue dipped 3%. Maintaining its guidance to deliver operating profit of £260-280m for the full year. Closing price 313.3p. (Reuters)
Anglo American (AAL.L), Antofagasta (ANTO.L), Glencore (GLEN.L), Vedanta (VED.L),Kaz Minerals (KAZ.L), Rio Tinto (RIO) – Copper was eyeing its biggest weekly loss in four weeks, as traders cut positions ahead of a U.S. jobs report and on the prospects of rising supply, with some bearish research notes from key analysts in the market exacerbated concerns. Closing prices 845.00p, 501.00p, 188.50p, 532.50p, 158.70p (Reuters Sigma Squawk)
For more information on any of these individual news items, call into the trading floor
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