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Canaccord Genuity reiterated its “buy” rating, following a positive interim statement from Polypipe which revealed a continuing strong performance in its main UK market. The broker said it believed shares would outperform “as investors’ fears over the sustainability of the UK housing market recede”.
Besi Research reiterated its “buy” rating, and said it had decided to refer to Schroders as “the Milkman”, because “it always delivers”. The broker noted that the company’s international distribution network and complementary product set allowed it to post strong intermediary net inflows.
Numis reiterated its “add” rating ahead of SSP’s maiden final results, due next Thursday. The broker is forecasting earnings before interest and tax of £88m, an increase of 12 per cent, and profit before tax of £68.9m. It added that the company was “highly operationally geared into growing markets”.