Best of the Brokers for 08 December 2014

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Numis reiterated its “buy” rating, following the firm’s acquisition of Woodleigh Community Care for £63m. The broker noted that Cambian’s management believes that it will be able to roll out Woodleigh’s hub-and-spoke model to other parts of its learning disability services.

Westhouse Securities reiterated its “sell” rating after the firm rejected John Laing Infrastructure Fund’s £1bn bid for its PPP portfolio and extended the announcement on KPMG’s contract, which the broker said suggests that the independent review has already found some serious losses.