Share Prices & Company Research


18 January 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.
Index: FTSE 100
Sector: Automobiles & Parts
Market Capitalisation: £7,642.08m
Shares in engineering company GKN rose sharply last week following an unsolicited bid of 405p per share from manufacturing turnaround firm Melrose. However, GKN, which issued a profit warning last year following problems in its aerospace division, rejected the bid which valued it at £7bn. The group’s board considered the bid to be “entirely opportunistic” and to “fundamentally” undervalue the company. Nevertheless, shares in GKN climbed to 420p, above the 405p bid price, as investors speculated that improved offers for GKN may be made.
Index: FTSE 100
Sector: General Retailers
Market Capitalisation: £4,974.92m
It was a busy week for retailers last week as they reported on their Christmas trading. Marks & Spencer disappointed investors as it reported a 2.8% fall in like-for-like sales in its Clothing & Home business for the 13 weeks to 30th December. Unfortunately, the group’s traditionally strong Food business was unable to offset this, with like-for-like sales down 0.4% to £1.67bn. Nevertheless, chief executive Steve Rowe signalled that “full year guidance remains unchanged.” Marks & Spencer shares have hardly risen since falling in November to their lowest level since 2009.
Index: FTSE 100
Sector: Food & Drug Retailers
Market Capitalisation: £5,640.80m
J Sainsbury reported a “record Christmas week”, which helped to drive a 1.2% increase in like-for-like sales for the 15 weeks to 6th January. The group saw grocery sales up 2.3%, with General Merchandise and Clothing outperforming the market despite challenging conditions. As a result, the supermarket expects full year underlying profit to be ahead of consensus. Chief executive officer Mike Coupe said: “We delivered an excellent operational performance across the Group, with great availability, strong customer satisfaction scores and our lowest level of waste ever at Christmas.”
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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