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AMEC FOSTER WHEELER
Canaccord Genuity reiterated its “buy” rating on the engineering group, after the company reduced its outlook for 2015. The broker said: “Although weakening upstream oil & gas was well known, there has also been some disappointment around the renewable energy and the coal-fired boiler businesses.”
HSBC initiated coverage of the food group with a “buy” rating, and said that as one of the major UK processors of pork it has “created new market niches which are invariably skewed towards the premium end of a category”. These niches have allowed the firm to deliver good earnings growth.