TRADER TIPS
What City insiders are recommending . . .
BUY THIS: Rank Group
ANALYSTS at Peel Hunt say you should ‘Buy’ Rank despite a profit warning this week.
The owner of Grosvenor Casinos and Mecca Bingo was hit by the recent cold snap and an unusually high number of big wins at its casinos.
But Peel Hunt said: ‘Rank has cash in place to improve the performance of Grosvenor over the medium term.’
SELL THIS: Next
CITIGROUP believes you should ‘Sell’ next as conditions on the High Street worsen.
Simon Wolfson, the boss of the clothing retailer, said trading conditions had been their toughest for 25 years.
Citi’s analysts say investors should be buying ‘online over offline, Europe over UK and brands over retailers’.