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Numis reiterated its “hold” rating on the drinks group, following a regional update focused on Africa, where sales grew by five per cent last year. The broker said while progress in Africa and India will “in due course be transformational”, the firm faces short-term challenges in volatile emerging markets.
FinnCap upgraded the printing group’s rating from “hold” to “buy”, after results showed profitability ahead of expectations in 2014. The broker said penetration of digital technology within the printing market will increase and that Xaar’s potentially disruptive technology will be a leading driver of this.