Best of the Brokers for 03 December 2014

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Numis reiterated its “hold” rating, following first-half results that the broker described as “grim”. It also noted that challenging conditions for the firm’s currency division were to continue, while lower-than-expected new business had impacted the solutions division.

Cantor Fitzgerald reiterated its “buy” rating. The broker stated that although current year performance had disappointed “longer term returns are reflecting the genuinely positive development of an operationally mature engine manufacturer”.