Cruise operator Carnival's full year results were ahead of market expectations and Charles Stanley expects yields to continue to recover with the US economy in 2010. It believes cruising remains a structural growth industry with good prospects for growth in Europe and Asia. Booking and occupancy levels remain strong, it said.
Shore Capital expects Sainsbury's festive trading to have lived up to expectations, and doesn’t expect forecasts for 2010 to change when the grocer’s third quarter trading update is released on Thursday. Sainsbury’s will have benefited from a Friday Christmas, allowing late shopping, and materially low food inflation.
Killik & Co has retained its “buy” recommendation on Bovis Homes. Before the housing crash the group continuously delivered the best operating margins and since the downturn it has incurred the second lowest level of writedowns. Bovis is financially secure and able to take advantage of attractive land acquisition opportunities.
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