Best of the Brokers for 09 March 2015

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WH Ireland reiterated its “buy” rating on the construction business, after its “unequivocally positive” announcement that Aberdeen City Council has approved the master plan and business case for a major new exhibition and conference centre.

Canaccord Genuity reiterated its “hold” rating on the discount retailer, following its proposal to buy competing chain 99p Stores. The broker said the deal represents “a significant step change to Poundland’s store portfolio but fits logically with its ambition for 1,000 stores in the UK”.

Panmure Gordon reiterated its “buy” rating on the mining firm, and said a good performance on costs during 2014 had resulted in a positive impact on forecasts. However, the broker added that in 2015 that impact would be “more than offset” by commodity price forecasts.