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Panmure Gordon reiterated its “buy” rating for the UK passenger transport company. The broker noted that interim results were solid and said the outlook statement suggests the company continues to perform in line with management expectations. Target price is 2900p.
Numis retained its “hold” recommendation for the publishing and education company ahead of its results next week. The broker stated that, as the firm has already updated the market on both operating profit and EPS for 2014, there is “limited scope for a headline surprise”.