…and some to sell

Anglo American Investors Chronicle

The diversified miner faces a weak commodities outlook, with supply matching demand, and is offloading assets at a discount and cutting capex. The premium valuation is unjustifiable. Take profits. Sell. 862p.

HSBC The Times

Warnings about China’s slowing growth and the impact of Brexit have accompanied a 29% profit slide. The bank has downgraded equity return targets and axed its progressive dividend policy. Management looks uncertain. Sell. 540.80p.

Intu Properties The Mail on Sunday

Intu owns shopping centres in the UK and Spain, including intu Trafford Centre in Manchester. Liberum fears rising rental growth will slow as consumer confidence tails off, and names a target price of 240p. Sell. 307.3p.

Johnston Press The Sunday Times

The newspaper publisher has suffered a steep 10% fall in revenues, and shares have hit an all-time low. Cash has plummeted and credit facilities may be inaccessible. There appears to be no happy ending ahead. Sell. 10.5p.

Pearson Investors Chronicle

The educational giant’s profits have been hit by US contract losses, falling UK demand for vocational courses, and higher costs. The growth target looks unrealistic and the dividend unsustainable. Sell. 882p.

Trinity Mirror The Times

The multimedia regional publisher has reported rising profits. But the pension deficit has mushroomed by £121m to £426m, and the newspaper business continues to struggle. A downturn would hit advertising revenues. Sell. 79.75p.