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09 May 2019

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.

ROYAL DUTCH SHELL
 
Index: FTSE 100
Sector: Integrated Oil & Gas
Market Capitalisation: £197,285.41m

Royal Dutch Shell ‘B’ reported its first-quarter results last Thursday. First-quarter like-for like profits fell on the back of weaker margins, lower oil prices and higher taxation. Despite this, the results were higher than expected, edging shares up 2.5% in early trading. Ben van Beurden, Chief Executive, commented: “Our integrated value chain enabled our Downstream business to deliver robust results despite challenging market conditions. The consistent financial performance across all our businesses provides confidence in meeting our 2020 outlook.”
 
INTERCONTINENTAL HOTELS GROUP
Index: FTSE 100
Sector: Hotels
Market Capitalisation: £8,828.61m
 
In the context of a difficult market backdrop, InterContinental Hotels Group PLC has released its first-quarter trading update. It reported a modest growth in revenue per available room of 0.3%, despite a fall in occupancy rates of 0.2%. Stronger performance was driven by a buoyant US and European trading period, while a softer China, South Korea and Middle East were key detractors. Despite a slowing growth profile, the company continues to expand its offering, opening a further 12,000 rooms in the past quarter, representing a 5.4% growth.

INTU
Index: FTSE 250
Sector: Retail REITs
Market Capitalisation: £ 1,319.00m
 
On Friday last week, Intu, the shopping centre landlord, gave investors a stark warning of a sharper-than-expected drop in rental income. Thus, in the wake of a mass restructuring and CVA exodus across the retail sector, Land Securities, a more diversified property company, also fell almost 2% on the back of the announcement, illustrating investors’ concerns over the future viability of bricks and mortar retail. The owner of the Trinity Centre in Leeds remains 53% invested in UK retail property, but maintains this exposure in prime city centre sites.
 
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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