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Sunday tips round-up: British Energy, Intercede, Carillion

22 October 2006 11:45:00

Given the uncertainties surrounding British Energy about the cracked tubes at two plants and the prospect of lower electricity prices next year as more gas supplies become available, now is not the time to buy says the Sunday Telegraph.

Intercede recently won a contract from the US Environmental Agency to supply software for its new smart card system. Intercede looks well placed to pick up more contracts with other US agencies on the back of this initial win. The company's shares currently trade on an earnings multiple for the year to the end of March 2007 of just 12.8. Buy says the Telegraph.

Gas storage specialist Star Energy controls two thirds of Britain's onshore reserves. Security of energy supplies remains a major issue for Britain, which currently has just 4% of annual consumption in gas storage capacity. Despite some delays in obtaining planning permission recently, Star still intends to build a large network of gas storage facilities. Buy says the Telegraph.

Scott Wilson, the engineering consultant, has a high level of repeat business and currently has a record order book of £250m, with many contracts in parts of the world primed for growth, such as China, India and eastern Europe. Buy says the Telegraph.

The Mail on Sunday says the support services group Carillion is a well-run company and its shares should have further to go, while luxury holiday group Western & Oriental, run by former lastminute.com finance director David Howell, has definite potential for a bit of an adventure.

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