TRADER TIPS
What City insiders are recommending . . .
BUY THIS: Keller ANALYSTS at Peel Hunt backed Keller, a ground engineering contractor which prepares sites for construction work.
Peel Hunt praised its £64.1m deal last week to buy US counterpart Moretrench.
In a note it advised investors: ‘The deal makes the group the clear leader on the US East Coast and, before any synergies are taken into account, we expect 5pc earnings enhancement in 2019.’ SELL THIS: Provident Financial BERENBERG recommends that investors ditch shares in doorstep lender Provident Financial as it faces a regulatory clampdown.
The City watchdog is expected to bring in tougher rules for credit card and high-cost credit providers.
Berenberg said: ‘Although it is unlikely that any of the new regulation will be catastrophic, we do think it has the potential to reduce both profitability and growth.’