Best of the Brokers for 16 June 2015

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DAIRY CREST
Shore Capital reiterated its “buy” recommendation on the dairy food company after the Competition and Markets Authority said it is minded to refer the firm’s proposed merger with Muller-Wiseman for an inquiry. The broker is confident the issues can be solved to the watchdog’s satisfaction.

THE RESTAURANT GROUP
Numis reiterated its “buy” rating on the hospitality group, citing a recent visit which “highlighted the depth of the business in relation to management and the range of successful brands that can be rolled out to potentially take the company to 1,000 restaurants over the next eight years”.

UK MAIL
Cantor Fitzgerald reiterated its “buy” recommendation on the parcels group, describing the firm’s new national hub as “impressive” but warning that the transition has its risks. However, volumes are expected to be “fulling flowing through the new sorting equipment by the end of September”.