News

As good as Finsbury Foods' products might taste, the next few months are going to be very tough. Investors buying now should expect a nasty aftertaste. Sell, says the Independent.

Even without a bid, Wood Group is an attractive business and at 20 times forecast earnings is trading at a slight discount to rivals. With few signs of oil coming back from $140 a barrel, it seems unlikely that oil companies will be forced to cut back on their spending. There is still plenty of mileage in Wood Group. Buy, recommends the Telegraph.

Together with a forward multiple of 13 times and negligible yield, this suggests that, at 293p, the London Capital shares are up with event, says the Times.

Investors mad enough to want exposure to property should look at Terrace Hill. The company is well run and good at what it does, but the property market is only going in one direction for the time being and investors should avoid it. Sell, says the Independent.

The Indian Film Company has a strong pipeline of films and agreements with directors, actors and script writers. However, the appetite for Aim companies is lacking at the moment. For now, the shares are worth avoiding, says the Telegraph.

With three quarters of revenues drawn from public sector and regulated markets and bolt-on acquisitions set to continue, Balfour Beatty's premium to its peers (it trades at ten times 2008 earnings at yesterday's 401p) is well deserved. A solid hold, says the Times

At 40½p, or ten times 2008 earnings and yielding 10 per cent, Fiberweb is an interesting recovery play, as recent director share-buying suggests. However, a £140 million debt burden, the failure of bid talks this year and the risk of further raw material surprises mean that outsiders should sit on the sidelines for now.

CRH is not a stock for the faint hearted, but there will be a time to buy again. Hold, writes the Independent.
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