Citigroup has recommended BT as a “buy” after the telecoms group posted impressive fourth quarter results. Citi said revenue was ahead of estimates and consensus by four to five per cent. Revenue was driven by Global Services which beat consensus by £164m, according to Citi.
Credit Suisse has issued Britvic with an “overweight” rating and estimates earnings per shares will be up 1.7 per cent ahead of half-year results expected later this week. Credit Suisse expect revenues of £516m and said second quarter numbers will be dampened by poor weather in January and February.
Although UBS maintains a “neutral” stance on Tullett Prebon, the bank said it has raised estimates. UBS said revenues in the four months to April were £312m, slightly ahead of UBS’ expectations, but in line with consensus. It has upgraded half year estimates to reflect this slightly better performance.