TRADER TIPS

What City insiders are recommending . . .

BUY THIS: XP Power

ANALYSTS at broker Peel Hunt have given XP Power a ‘buy’ rating.

Last week the power supply firm reported a 9pc rise in orders and 18pc increase in revenue for the three months ending March 31.

Peel Hunt said: ‘The year has begun strongly, with revenue growth well ahead of expectation against tough competition. We are already upgrading profits for the full year by 5pc.’

SELL THIS: Hays

DEUTSCHE Bank suggests that investors should ditch shares in recruitment firm Hays.

Hays warned of a ‘subdued’ UK market last week, despite reporting an increase in net fees growth. Analysts said: ‘Hays is probably pushing lower-cost models more aggressively than peers to take market share. While in the short term this may be good for the company, we suspect this will help speed up lower industry returns.’