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16 August 2018

Redmayne Bentley’s Top Trades

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 (AV.)
Index: FTSE 100
Sector: Life Insurance
Market Capitalisation: £19,270.04m
 
Insurance group Aviva’s first-half results were badly affected by extreme weather, particularly in February and March, when the UK suffered the effects of the ‘Beast from the East’. Operating profit fell by 2% to £1.44bn, with the group blaming weak results in Canadian motor insurance and business divestments as well as the adverse weather. However, the group remains confident of achieving 5% growth for the year and signalled its confidence by raising its interim dividend by 10% to 9.25p per share.
 
FERREXPO (FXPO)
Index: FTSE 250
Sector: Industrial Metals & Mining
Market Capitalisation: £945.04m
 
Ferrexpo saw its shares tumble earlier this month following its first-half results, covering the six months to the end of June. However, some investors saw it as an opportunity to buy the stock. The iron ore pellet producer reported “higher costs driven primarily by rising commodity prices and local inflation”, which is expected to continue into the second half of the year. Consequently, despite a 4.4% rise in revenue to US$617m, profit-after-tax fell from US$216m to US$152m. The group maintained its interim dividend at 3.3 cents per share.
 
LLOYDS BANKING GROUP
(LLOY)
Index: FTSE 100
Sector: Banks
Market Capitalisation: £43,079.28m
 
Despite a £550m provision for payment protection insurance (PPI) mis-selling, Lloyds Banking Group recorded a 7% increase in underlying pre-tax profits for the first half of the year. Profitability was achieved, despite just a 2% rise in revenue to £9.5bn, because of successful cost-cutting measures. António Horta Osório commented that Lloyds had “made significant progress in the last six months” and remained positive about the prospect of a deal being struck between the UK and the EU.
 
Top Trades is published every fortnight in Equity Insight, a newsletter written by our stockbrokers and investment managers. It provides market commentary, a focus on individual sectors, technical analysis, potential trading opportunities and share reviews.
 
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.
Redmayne Bentley’s Top Trades
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