TRADER TIPS

What City insiders are recommending . . .

BUY THIS: Just Group

GROWTH in the lifetime mortgage market has prompted analysts at Panmure Gordon to place a ‘buy’ rating on retirement services company Just Group.

Panmure says it has a ‘sustainable competitive advantage’ over new entrants such as Legal & General and Nationwide. The market has grown at an annual rate of 25pc over the past six years, with a similar level expected over the next six.

SELL THIS: Morrisons

BERENBERG has restated its ‘sell’ rating on Big Four supermarket Morrisons. ‘There are other food retailers that are cheaper, more likely to return capital and generating significantly higher return on invested capital,’ the broker said. Analysts said they had revisited their recommendations on food retailers as investors were ‘overwhelmingly bearish’ on the sector.