Best of the Brokers for 13 August 2015

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Numis reiterated its “buy” recommendation on the online retailer. Despite a recent slowdown in UK sales growth, the broker said it expects UK revenue growth to accelerate over the next year. The broker also said: “We continue to believe that AO offers a stand-out customer service proposition.”

Panmure Gordon moved from a “hold” to a “buy” rating on the mining group, having reviewed the firm’s investment case “in light of the fall in the platinum price”. The broker said: “We are not convinced Lonmin has presented a clear enough strategy as to how it can weather the storm.”