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Redmayne-Bentley’s Top Trades

4 May 2017

Below we take a look at the most frequently traded shares through Redmayne-Bentley over the last couple of weeks and consider why they have been so popular.

Berendsen (BRSN)

Index: FTSE 250

Sector: Support Services

Market capitalisation: £1,458.71m

Shares in leading European textile service business Berendsen were in favour with investors last week after the group reported that trading in the first quarter of the year had been in line with management expectations. The group had anticipated a decline in its UK textile businesses, but this was more than offset by “solid underlying revenue growth in Continental Europe”. Looking forward, Berendsen said that its outlook for 2017 remains unchanged whilst it is “confident in the medium term growth prospects for the group.”

 

Circassia Pharmaceuticals (CIR)
Index: FTSE All-Share

Sector: Pharmaceuticals & Biotechnology

Market capitalisation: £326.43m

Circassia Pharmaceuticals, which engages in the development and commercialisation of allergy, asthma and respiratory products, suffered a sharp fall in its share price half way through last year. Shares actually fell 64 per cent following news that its key cat allergy treatment had failed in final critical trials. However, the group, which is backed by star fund manager Neil Woodford, announced last week a substantial rise in revenues for the year to the end of December 2016 to £23.1m, from £10.8m a year before.

 

BT (BT.A)
Index: FTSE 100

Sector: Fixed Line Telecommunications

Market capitalisation: £30,448.88m

Shares in BT fell sharply in January after the group announced that it had been forced to write down the value of its Italian division following accounting irregularities. The investigation into the group’s Italian operations amounted to over £500m of costs and contributed towards a 37 per cent fall in third-quarter profit to £526m. Despite the concerns at the group, investors have been buying BT stock, with shares at their lowest level since 2013 and ahead of the group’s final results next week (11th May).

Top Trades is published every fortnight in Equity Insight, a newsletter written by our stockbrokers and investment managers. It provides fresh market commentary, a focus on individual sectors, technical analysis, potential trading opportunities and share reviews. Register now for your complimentary issue.

 

Please note that investments and income arising from them can fall as well as rise in value and you may lose some or all of the amount you have invested. Past performance and forecasts are not a reliable indicator of future results or performance. Please note that this communication is for information only and does not constitute a recommendation to buy or sell the shares of the companies mentioned.

Contact:
Ruth Peterson
PR Executive
Email: ruth.peterson@redmayne.co.uk
Tel: 0113 200 6476

Branch: Leeds (Head Office)

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