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Redmayne-Bentley’s Top Trades

10 August 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.

Aviva PLC (AV.)

Index: FTSE 100

Sector: Life Insurance

Market capitalisation: £21,379.95m

Last Thursday shares in Aviva rose following the insurer reporting an 11 per cent increase in first-half operating profit to £1.46bn, its 4th consecutive year of profit growth. This profit increase was attributed to a strong performance from the general insurance business and the selling off of underperforming businesses. Management maintains a positive outlook due to progress in streamlining the business and the successful extension of Aviva’s UK general insurance distribution agreement with HSBC.

 

AstraZeneca (AZN)
Index: FTSE 100

Sector: Pharmaceuticals & Biotechnology

Market capitalisation: £57,029.77m

Thursday 27th July saw AstraZeneca shares down around 16 per cent despite beating consensus in the second quarter of 2017. This is due to the failed clinical trial of the lung cancer drug MYSTIC. The price has subsequently begun to recover, with Barclays Capital indicating that there may be further potential upside to come. Pascal Soriot, chief executive, acknowledged that the company remains a takeover target, with the market monitoring earnings closely; adding that the company remains on track to meet its 2023 revenue goal of US$45bn.

 

Forterra (FORT)
Index: FTSE All-Share

Sector: Construction & Materials

Market capitalisation: £551.72m

Building products manufacturer Forterra released its 2017 first-half results last Tuesday. The report showed increased brick and block revenue, strong EBITDA results due to higher volumes and prices and strong cash flow performance. Furthermore, an interim dividend of 3.1p per share was declared, versus 2p for the same period last year. The company has secured a new five-year revolving credit facility and an agreement to acquire the assets of Bison Manufacturing Ltd. The board expects to continue making progress in the second half with expectations for the full year remaining unchanged.

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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