Michael Page's solid trading update outlined the benefits of both its diversity and position in a perm-led recovery, according to Numis. The broker continues to like the shares for a long-term view without further significant upgrades at this stage, it believes the shares will pause for breath and maintains a “hold” rating.
MARKS & SPENCER
UBS says that sales growth for Marks & Spencer in both divisions was better than expected and the exit rate was strong. The stock trades in line with the peer group despite better earnings momentum from sales, supply chain improvements and e-commerce growth, says the broker which gives the group a “buy” recommendation.
JP Morgan Cazenove views the fall in Hays’ share price as a reflection more of the strong run into the trading update rather than as a result of more fundamental causes for concern. The broker remains “overweight” on the recruiter and views the first quarter trends as supportive as businesses are growing strongly.