News

With few experts predicting falls in electricity prices and many even forecasting a looming UK power crisis, Drax looks set to retain its top-flight status for some time to come and the Sunday Telegraph thinks the shares are now worth tucking away. Buy.

Warner Estate's debt - about £347m on its balance sheet - is a continued concern. The group has renewed all its material borrowing facilities until 2010, but such a mountain of debt, combined with property values showing continued signs of dropping, the Sunday Telegraph is tempted to agree with chairman Philip Warner. The company may be a long-term business, but as he says, "the economic outlook may not be bright in the short term". Sell.

While the sharp price rises in raw materials have hit Domino's Pizza hard in the past, the company now appears to be managing the situation better, with increases passed on to franchisees and customers. Although the shares are no bargain on around 21 times forecast 2008 earnings, the company's re-entry into the FTSE 250 should offer some support.

With some analysts looking at potential upgrades to forecasts too, the shares look tasty as a Hawaiian. Hold on, says the Sunday Telegraph.

Rensburg Sheppards maintains that overall it is "cautiously positive" in its outlook and has managed to lift its total divided to 25½p. The dividend is more than twice covered and the company is confident that it is in a strong position, and is even on the lookout for small acquisitions. Buy, says the Sunday Telegraph.
Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.