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10 May 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.
 
BP. (BP)
Index: FTSE 100
Sector: Oil & Gas Producers
Market Capitalisation: £112,557.34m
 
BP was boosted by its first-quarter figures, which revealed a 71% rise in earnings. The oil giant benefitted from a recovery in oil prices to an average of almost US$67 a barrel in the three months to March. Since then, the price of Brent Crude Oil has risen further, to a four-year high above US$75 a barrel. BP did still have to make US$1.6bn in payments relating to the Gulf of Mexico oil spill, but full-year costs are expected to be just over US$3bn, down from US$5.2bn in 2017. Shares in BP are now at their highest level since 2010.
 
INDIVIOR (INDV)
Index: FTSE 250
Sector: Pharmaceuticals & Biotechnology
Market Capitalisation: £3,383.33m
 
Pharmaceutical company Indivior, which manufactures drugs designed to tackle opioid addiction, reported a 4% fall in net revenue for the first quarter of 2018. However, due to lower financing costs and a reduced overall effective tax rate, net income came in 16% ahead at US$93m. The group reconfirmed its 2018 guidance, with net revenue expected to be in the range of US$1.13bn - US$1.17bn. All in all, investors seemed happy with the update, as shares now stand at an all-time high above 450p. However, some investors looked to take profits in the group.
 
SAINSBURY (J) (SBRY)
Index: FTSE 100
Sector: Food & Drug Retailers
Market Capitalisation: £6,555.76m
 
Shares in Sainsbury’s rose 18% after it revealed it had struck a deal to buy Asda from US retailer Walmart for £7.3bn. Walmart will receive £3bn in cash plus a 42% stake in the combined entity which
will create the UK’s biggest retailer, overtaking rival Tesco. Sainsbury’s Chief Executive Mike Coupe said the newly merged business could mean customer prices falling by 10% and that there are no planned store closures. Both the Sainsbury’s and Asda brands will be maintained under the proposed merger.
 
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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