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Canaccord Genuity upgraded its “hold” rating for the owners of Premier Inn and Costa Coffee to a “buy” rating. Growing UK markets leave it well placed to achieve its new 2020 milestones of 85,000 UK hotel rooms and £2.5bn of Costa system sales.
Numis has upgraded its “add” rating for the safety systems manufacturer to “buy”. Halma reported fiscal year 2015 results slightly ahead of expectations, with seven per cent organic profit growth combined with the benefit of acquisitions delivering nine per cent earnings per share growth.