What City insiders are recommending . . . BUY THIS: GVC Holdings PEEL Hunt thinks sports betting company GVC Holdings is worth a punt. GVC’s trading over the first half of the year has been in line with expectations despite the absence of a big sports tournament.
Peel Hunt said this performance shows GVC has the potential to keep rising due to improving products and operations. The broker also noted that GVC has hiked its marketing spend in order to accelerate revenue growth. SELL THIS: GKN Panmure Gordon urges you to stay away from GKN. Panmure said the engineer, which makes crucial parts for aeroplanes, is likely to be hit by sanctions imposed on Qatar Airways by Saudi Arabia, UAE, Bahrain and Egypt.
The broker feels the sanctions – which have arisen from a diplomatic disagreement over terrorism links – could lead to the cancellation of a number of aircraft orders.