Financial Stocks Remain in Spotlight
TD Customers Focus on Big Reporting Week for Britain's Banks
(firmenpresse) - LONDON, ENGLAND -- (Marketwire) -- 08/05/11 -- Darren Hepworth, Trading and Customer Services Director, TD Waterhouse comments: "Lloyds Banking Group (LLOY) was back at the summit of our customers' most popular buys and sells tables this week, accounting for nearly 30% of the top ten buys in the week ending Tuesday, 2 August. Britain's other banking giants also remained in focus against a backdrop of the last minute decision to raise the debt ceiling in the US and a week dominated by their interim results announcements. Meanwhile, buys in total increased by 44% on last week as the FTSE 100 finished the week at 5,718."
The Top 10 Retail Investor Buys and Sells for week ended 2nd August 2011(1)
Darren Hepworth continues: "While Lloyds Bank took top spot in both the top ten buys and sells this week ahead of reporting its annual results today; Barclays (BARC) was not far behind, taking second in both tables. Analysts broadly welcomed Barclays' interim results, which were released on Tuesday (2 August), as they exceeded expectations, despite the company's profit having dropped 38% during the first half of the year, compared with the same period in 2010. Royal Bank of Scotland Group (RBS), which will report its own interim results on Friday (5 August), dropped from third to fifth in the buys table and remained in third position in the sells.
"Centamin Egypt (CEY) was this week's most notable new entrant as the miner entered the top ten buys table in fourth place and the sells in seventh. The value of the Egyptian top ten favourite plunged on Tuesday (2 August) after it announced it had been unable to avoid the impact of the civil unrest in the Middle East earlier this year, and would produce less gold than expected as a result. Second quarter production was below market expectations and the company warned that the outlook for 2011 as a whole could prove equally disappointing. The gold miner's shares closed at 109.6p on Tuesday (2 August) having closed the previous night (Monday 1 August) at 137.8p - a drop of over 20%.
"Sixth place in the sells table was taken by fellow miner and new entrant, Berkeley Mineral Resources (BMR). The mineral processing company told investors last Thursday (28 July) that the central part of the Kabwe tailings, which it bought last month, has much higher lead grades than historic assessments.
"Away from financial and mining stocks, insurance giant Aviva (AV) moved up the buys table from eighth to third position this week ahead of its interim results announcement today. Investors appeared to be looking to buy the stock as analysts predicted the group's operating profits for the first six months of 2011 will exceed the GBP 1.27bn made in the same period last year.
"Tesco (TESC) was a new entry this week, entering the buys table in seventh place, as it announced it had signed an eight year deal with Microsoft that will give the supermarket giant access to the latest versions of Microsoft products and services."
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Notes to editors
Footnotes
1: The Top Ten Buys and Sells should not be taken as a recommendation to buy or sell any particular bond or stock, and it is not intended to offer any form of advice. Instead it is simply an indication of the general buying and selling trends amongst some TD Waterhouse customers, observed during the period stated.
2: Source: Compeer based on daily average retail trades for TD Waterhouse including its white label partners, as at June 2011.
3: TD Waterhouse trading rates:
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TD Waterhouse is the UK's leading execution-only broker+, servicing approx 200,000 UK customers with over GBP 3.77 billion in customer assets (stocks and cash) under management. It is a subsidiary of the TD Bank Group (TD or the bank), the 6th largest bank in North America by branches. TD has 82,000 employees in offices around the world, serving 19 million customers with client assets of CDN$630 billion (as at 30, April 2011). + Source: Compeer based on daily average retail trades for TD Waterhouse including its white label partners, as at June 2011.
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Datum: 05.08.2011 - 01:30 Uhr
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