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29 August 2019

Redmayne Bentley’s Top Trades

Below, we look at the most frequently traded shares through Redmayne Bentley over the last couple of weeks and consider why they have been so popular.
 
DIAGEO (DGE)
Index: FTSE 100
Sector: Distillers & Vintners
Market Capitalisation: £81,747.18m

Diageo, the world’s largest spirits maker, has increased its holding in non-alcoholic spirit brand Seedlip as it seeks to accommodate the growing trend of consumers opting to drink less alcohol. Additionally, the company is investing £180m into green energy and water recovery solutions at 11 of its breweries across Africa; this includes biomass boilers, solar installations and water recycling facilities.  Last month, Diageo reported annual profits up 10% to £4bn, and highlighted the importance of gin sales which soared 22%.
 
 
LEGAL & GENERAL (LGEN)
Index: FTSE 100
Sector: Life Insurance
Market Capitalisation: £12,925.03m

Legal & General (L&G) witnessed a bumper first half of the year. In total, L&G has completed over £8bn of bulk annuity deals, including the UK’s largest ever deal in this field; the figure was £10bn for the whole of last year. Results have been positive; operating profits were up 11% to just over £1bn, while the dividend was increased by 7% to 4.93p per share. This, together with assets under management up 15% to £1.14tn, paints a positive picture for the business.
 
 
GREENE KING (GNK)
Index: FTSE 250
Sector: Restaurants & Bars
Market Capitalisation: £2,604.1m

This week Hong Kong billionaire Victor Li agreed to purchase Greene King, the UK’s biggest listed pubs and brewery group, in a £4.6bn deal. Shares in Greene King rocketed by over 50% on this news. The deal demonstrates the significance of the depreciating value of Sterling, which was clearly influential in this deal, while concurrently illustrating how Britain is open for business as usual. Greene King, which was founded in 1799, and has seen its shares fall by around 40% since the Brexit vote in 2016, will welcome this positive news.
 
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 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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