…and some to sell
Chemring Group The Times
Chemring produces ammunition and countermeasures for defence. It’s now back on its feet after a torrid time – revenues are up 39% and there’s a healthy order book. But given the jump in shares, there’s no harm in profit-taking. Sell. 188p.
DFS Furniture Investors Chronicle
The sofa specialist has been hit by a profit warning. With lower footfall, rising costs, and political and economic uncertainty, it seems shoppers are cutting spending on discretionary items. Sell. 211p.
GKN The Mail on Sunday
Panmure Gordon fears the global engineering firm will be hurt by the ongoing diplomatic crisis in Qatar and fellow Gulf states. Qatar Airways’ cancellation of aircraft deliveries has already hit the sector. Sell. 331.20p.
N Brown Group Investors Chronicle
The home shopping retailer’s sales have risen, boosted by a good season for ladieswear and plus-size fashion line Simply Be, and it is closing lossmaking stores. But margin pressure persists – it’s too early to turn bullish. Sell. 309.25p.
RWS The Times
RWS provides specialist translation services for big pharma. Organic growth has been boosted by clever purchases, and shares have risen fourfold in five years. Take profits. Sell. 395p.
Workspace Group The Times
This managed office provider sounded “extraordinarily bullish” after recent results, backed by signs that the customer base is spreading to large corporates. But the sector may be starting to overheat; profit-taking could be wise. Sell. 946p.