News

The bold investor may take a punt on Old Mutual shares in light of more positive developments in the US business. But Old Mutual is also the most risky investment in the insurance sector and investors will find more stability elsewhere. Avoid says the Sunday Telegraph.

As oil prices have dropped so have shares in oil services group Wood Group on concerns there will be less need for its skills. Management, however, is keen to emphasise everything is on track. The shares should hold up well in current uncertain times. Buy says the Telegraph.

Rentokil is trading at about 11 times forecast earnings, in line with other support services companies. With prospects for a tangible recovery not getting any closer, a recent rally may offer an exit point for tired investors says the FT.

An interim management statement from social housing maintenance group Mears last week showed strong trading across all divisions with the group confident it will hit forecasts this year. Trading at 13 times earnings, Mears is at a slight discount to its nearest rival. Buy says the Telegraph.

Belfast-based UTV predicted on Thursday that television revenues would fall by 10% in November and December implying TV ad revenues are down by 7%. Successful radio station Talksport is a plus. Hold says the Sunday Telegraph.


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