TRADER TIPS

What City insiders are recommending . . .

BUY THIS: Loop Up

PANMURE Gordon recommends adding conference calling start-up Loop Up to your portfolio.

The broker said Loop Up, which last week reported strong revenue and earnings growth in the first half, has a record of dependable delivery. Although Panmure said some of that growth was derived from weakness in the pound, it gave the firm a ‘buy’ rating and lifted its target price to 200p from 180p.

SELL THIS: Foxtons

PEEL Hunt believes it is time to ditch London-focused estate agent Foxtons after its weak set of results.

Foxtons has been hit by the challenging market in the capital, blamed on a rise in stamp duty on expensive homes, and brokers can see no near-term catalyst for an improvement in trading.

As a result, Peel reduced its full-year profit expectations by 35pc and halved its dividend forecast to 1p.