Shore Capital have issued a “sell” recommendation for music retailers HMV Group as they remain unconvinced that management can maintain HMV UK profits and suspect profits would already be in decline. Shore Capital said HMV Live also lacks the scale, we believe, to overcome structural pressures on the group’s core businesses.
RSM Tenon has been given a “buy” recommendation by Altium Securities after the accountancy group reported interims in line with profit before tax expectations and indicated that the integration is going well. Other catalysts for the shares are likely to be further updates on the integration and progress on extracting cost synergies.
Numis Securities said that, Richard Glynn could be just the Prince to rouse Ladbrokes. Numis know it is a high risk call to believe that good management can overcome difficult economics. They are confident that the next six months or so will be characterised by news of positive strategic change. They give Ladbrokes a “buy” recommendation.