…and some to hold, avoid or sell

Carillion Investors Chronicle

Shares in the troubled support services group tumbled on news of an “exodus of senior managers”, including the FD and COO. Decisive action is being taken to get the group back on track, but it will take time. Sell. 45p.

Hastings Group The Times

Merger talks between the AA and insurance broker Hastings, which specialises in motor and home cover, are over. There are concerns that Hastings has “raced too far” – targets are ambitious and aspirations “too aggressive”. Sell. 311.7p.

JD Wetherspoon The Mail on Sunday

Profits for the pub-giant – with over 900 watering holes – have jumped 25.3% in a year, but Peel Hunt fears that rising beer and sugar costs could slow momentum, and has given the company a “reduce” rating. Take profits. Sell. £11.89

Safestyle Investors Chronicle

This window and door specialist is suffering a worse than expected decline in orders. Having ploughed cash into marketing, margins are “bearing the full brunt” of the slowdown. There’s more pain to come. Sell. 166p.

Investors Chronicle

The oil and gas explorer has had a “painful week”. Its cash position has fallen below £0.9m and shares were suspended after auditors cast doubt over its future. Emergency aid is needed. Sell. 21p.

UP Global Sourcing Shares

Six months after joining London’s main market, the consumer products distributor has released a damaging profit warning. Citing retailer caution over buying stock, it has slashed growth forecasts to zero. Sell. 95p.