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15 February 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.
 
BABCOCK (BAB)
Index: FTSE 250
Sector: Support Services
Market Capitalisation: £3,261.10m
 
Shares in Babcock have slumped to their lowest level for six years and came under further selling pressure last week. In a trading update, the group said that revenue for the year to the end of January 2018 is now expected to be lower than previously expected at between £5.3bn and £5.4bn. The group blamed, among other things, continuing tough trading conditions in the Offshore and Oil & Gas sectors. However, the group said that margins are higher than previously expected and that full-year underlying earnings are expected to be in line with guidance.
 
BP (BP.)
Index: FTSE 100
Sector: Oil & Gas Producers
Market Capitalisation: £92,436.73m
 
Chief Executive of BP Bob Dudley said 2017 had been “one of the strongest years in BP’s recent history”. The recovery in oil prices and a production surge from new projects helped the group report a fourth-quarter profit of US$2.1bn, ahead of analysts’ expectations. The group said that oil prices are above where they expected them to be and are predicting that they will fall back into a US$50 to US$55 range, as supply increases. However, Mr Dudley added that BP was “increasingly confident that we can continue to deliver growth across our business”.
 
BT (BT.A)
Index: FTSE 100
Sector: Fixed Line Telecommunications
Market Capitalisation: £22,475.85m
 
BT shares remained out of favour with investors last week and fell to their lowest level for over five years. Earlier this month, the group reported the loss of 5,000 pay- TV customers for the third quarter to the end of December 2017. Consequently, the results for the period were below expectations, as revenue fell by 3% to just under £6bn. However, Chief Executive Gavin Patterson reiterated his confidence in BT’s strategy saying: “looking ahead, we’re confident in the steps we are taking to improve the performance of BT for all our stakeholders.”
 
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.
 
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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