…and some to sell

Debenhams The Daily Telegraph

The turnaround at the UK’S second-largest department store has stalled, and profits are being squeezed. It is saddled with debt and looks ill-prepared for a downturn, leaving the near 5% prospective yield highly exposed. Sell. 69.7p.

Easyjet The Sunday Times

A crashing pound, making foreign holidays pricier, and a possible UK recession bode ill for the budget airline. So does the issue of whether Britain will remain inside the single EU aviation market. Sell. £13.13.

Filtronic Shares

Filtronic makes microwave kit for mobile and broadband infrastructure. There are promising signs of a boom in demand, but investors have been disappointed by hype in the past. Best to remain sceptical. Sell. 11.12p.

Findel Investors Chronicle

The retail group has offloaded Kitbag, its sporting goods business, but its educational division is under pressure from squeezed government budgets. Meanwhile, the express gifts arm is suffering from Forex movements. Sell. 153p.

Hornby Investors Chronicle

The model-train maker, whose brands include Scalextric and Corgi, has announced a turnaround plan and £8m fundraising. But the firm’s losses have increased from £200,000 to £13.5m. Sell. 30p.

IAG The Mail on Sunday

The British Airways owner issued a profit warning within a few hours of the referendum result. HSBC, which reduced its ratings on all European airlines following the vote, has slashed IAG’S target price dramatically, from 610p to 375p. Sell. 409p.