Share Prices & Company Research


18 May 2017

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: Fixed Line Telecommunications

Market capitalisation: £30,787.59m

Investors were disappointed by BT’s final results published last week. The telecommunications giant reported a 19 per cent fall in profits for the year and pledged to cut 4,000 jobs from its global services unit. Furthermore, the group, which did succeed in paying a final dividend 10 per cent ahead of last year, said that it would be unable to meet its 10 per cent dividend growth target this year. However, some investors took advantage of the near four-year low in the share price to buy the stock.

Micro Focus Int. (MCRO)
Index: FTSE 100

Sector: Software & Computer Services

Market capitalisation: £5,533.97m

Micro Focus disappointed investors with its trading update last week, in which it said that, according to preliminary indications, Hewlett Packard Enterprise (HPE) Software’s revenue was down around 10 per cent in the quarter ended 30th April 2017. Micro Focus and HPE agreed a £6.6bn software deal in September last year in a move which was well received by investors. Despite this setback, Micro Focus reiterated that it expects to report revenues within the range of management guidance of flat to minus 2 per cent.

Centrica (CNA)
Index: FTSE 100

Sector: Gas, Water & Multiutilities

Market capitalisation: £10,615.42m

Centrica came under selling pressure last week as it warned that energy consumption in the UK and North America had fallen due to warmer weather. The group is also suffering from political concerns with the Conservative party manifesto suggesting a cap on some household energy bills. However, Centrica remains upbeat about its outlook, with chief executive Iain Conn commenting: “We continue to make good progress in implementing our customer-facing strategy, building on the underlying momentum we had as we entered 2017…We remain on track to deliver against our 2017 targets.”

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

Redmayne-Bentley’s Top Trades
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