Best of the Brokers for 4 September 2015

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DRAX
Whitman Howard reiterated its “buy” rating on the power station operator, following its announcement that it is seeking a judicial review of the notice period given by the Treasury in removing the Climate Change Levy exemption. The broker said: “This seems a sensible move”.

M&C SAATCHI
Numis retained its “add” recommendation on the advertising agency, ahead of its interims next week. The broker said it believes the firm “is continuing to execute well on its three-pronged strategy of winning new business, developing new disciplines and building new geographies”.