…and some to hold, avoid or sell

Flybe Group The Sunday Times

The short-haul regional airline is “deeply vulnerable” to swings in the UK economy. It’s currently cutting its fleet to mitigate losses, which are expected to be £20m, but progress is “slow” and “painful”. Avoid. 37.4p.

Greencore Group Investors Chronicle

The food-to-go maker is suffering an “ongoing dribble” of broker downgrades and a profit warning. Contract losses have led to underutilised US sites and higher debt. Softer UK volume growth adds to the woes. Sell. 130p.

Investors Chronicle

The gambling firm’s casinos and bingo halls have been hit by declining visitor numbers, and there’s little obvious catalyst for improvement. The CEO has left and analysts have downgraded profit forecasts. Sell. 177p.

Severn Trent The Daily Telegraph

A period of weak share performance, stoked by political and regulatory concerns, has made this water utility look cheap relative to its asset base. But the valuation reflects “dangers”. Yields 5%. Hold. £18.96.

WM Morrison The Daily Telegraph

A recent sell-off looks misguided: given the group’s strong finances and healthy core business. Sales and profits are up, debt has fallen and the deal with convenience store chain Mccoll’s is promising. Hold. 224.7p.

Walker Greenbank Investors Chronicle

The furnishings firm has been hit by lower footfall on high streets, a soft housing market and squeezed consumer spending. Currently focusing on international sales and licensing, but there could be more bad news. Sell. 128p.