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11 October 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.
 
ELECTROCOMPONENTS (ECM)
Index: FTSE 250
Sector: Support Services
Market Capitalisation: £2,767.33m
 
Electrocomponents came under some selling pressure last week following a first-half trading update which failed to live up to high expectations, with shares dipping below 700p. Nevertheless, the group reported market share gains and improved profitability due to a positive market backdrop and strong execution. In the half year to the end of September, the group achieved 10% like-for-like revenue growth and expects to report adjusted pre-tax profit of around £100m for the period, up from £79m a year earlier.
 
TESCO (TSCO)
Index: FTSE 100
Sector: Food & Drug Retailers
Market Capitalisation: £21,379.17m
 
Shares in supermarket Tesco fell sharply last week after it revealed that half-year profits had missed expectations. The group was beset by problems in its overseas operations, particularly in Poland and Thailand. Tesco reported operating profit before exceptionals of £933m, up 24%, but below consensus forecast of £978m. However, the recovery in the UK appears to be continuing, with same store sales up 2.3%. Tesco is also reaping the benefits of its acquisition of Booker which contributed £97m of profit during the half.
 
UNILEVER (ULVR)
Index: FTSE 100
Sector: Food Producers
Market Capitalisation: £46,570.86m
 
Many investors were relieved to hear that Unilever had scrapped its plans to move its headquarters from Britain, where it has been for 133 years, to the Netherlands. Chief Executive Paul Polman had looked to transform the company’s structure by consolidating the group’s headquarters in Rotterdam, but he was defeated by a shareholder rebellion. Consequently, last Friday, the Board of Unilever said extensive consultations had shown them that it was “appropriate to withdraw”.
 
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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