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Redmayne-Bentley’s Top Trades

2 November 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.

GlaxoSmithKline plc (GSK)

Index: FTSE 100

Sector: Pharmaceuticals & Biotechnology

Market Capitalisation: £66,459.10m

Shares in GlaxoSmithKline slumped to an annual low of 1366.5p last month following the group’s third quarter results. The pharmaceutical giant confirmed its interest in the consumer unit of American rival Pfizer, but investors were most concerned by the chief executive Emma Walmsley’s revelation that it “would be irresponsible” to commit to dividend stability. This resulted in a number of broker downgrades, however, a number of investors seized on the share price drop in order to buy shares.

 

GKN plc (GKN)

Index: FTSE 100

Sector: Automobiles & Parts

Market Capitalisation: £5,479.97m

Shares in GKN fell sharply last month following a recent trading update. The global engineering business said it expected a charge of around £40m in the fourth quarter of 2017 as a result of two probable claims against GKN Aerospace and GKN Driveline. The group could not disclose any further details, but said that due to this potential charge and ongoing operational challenges in GKN Aerospace North America, it now expected pre-tax profit for 2017 to be slightly above 2016.

 

Whitbread plc (WTB)

Index: FTSE 100

Sector: Travel & Leisure

Market Capitalisation: £6,697.25m

Popular coffee chain Costa, owned by Whitbread, reported a slowdown in sales at its existing coffee shops in the six months to the end of August. Costa has suffered from Sterling weakness as import costs have risen, whilst it has also experienced other cost pressures from wages, rates and rents. Consequently, Costa’s pre-tax profit fell by 10 per cent to £59m. However, it was not all bad news for Whitbread which reported a rise in group profit thanks to growth in its Premier Inn hotel business.

 

Top Trades is published every fortnight in Equity Insight, a newsletter written by our stockbrokers and investment managers. It provides free 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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