Friday tips round-up: Hays, BP, McBride
Recruiter Hays deserves credit for getting rid of its debt but the news that will be met with a cheer from everyone is that it can see light at the end of the unemployment tunnel.The shares will tick up as the economy improves, but concerns on the dividend remain and for that reason hold says the Independent.
Shares in Hays have gained more than a third this year. While some lingering doubt remains over next year’s dividend and the outlook for recruitment firms remains determinedly fragile, investors with a longer-term time frame may wish to tuck away some Hays shares before an eventual recovery, adds the Times.
Own-label products are gradually shaking off their dowdy image and McBride is benefiting. Consumers are also becoming less blindly loyal to brands than they once were, which should also benefit the company in the long term. McBride is trading at about 10.4 times forward earnings and, with 15% earnings growth predicted for next year, now looks like a good time to buy says the Times.
Utility outsourcing group Spice is a well-run company and the stock has rebounded well after taking a bit of a thump earlier in the year. Yesterday's trading update said that everything was in line despite a challenging economic climate. Hold for now says the Independent.
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Today's Headlines
BP (BP.) | Price: 536.45p | Change: -0.96%
Questor:BP
Telegraph | 04-Sep-2009
HMV Group (HMV) | Price: 111.40p | Change: -2.79%
Tempus:HMV
Times | 04-Sep-2009
Hays (HAS) | Price: 98.30p | Change: -1.75%
Investment Column:Hays
The Independent | 04-Sep-2009
Mcbride (MCB) | Price: 161.00p | Change: 3.69%
Tempus:McBride
Times | 04-Sep-2009
Melrose (MRO) | Price: 154.30p | Change: 1.51%
Questor:Melrose
Telegraph | 04-Sep-2009
Playtech (PTEC) | Price: 346.75p | Change: 4.51%
Investment Column:Playtech
The Independent | 04-Sep-2009
Spice (SPI) | Price: 71.25p | Change: 0.71%
The Independent | 04-Sep-2009
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