The Week

…and some to hold, avoid or sell

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Berkeley Group The Sunday Times

Analysts are divided on prospects for the residentia­l developer, which has been buying discounted land in the southeast. But building in Birmingham, where house prices are rising, should reward. Hold. £37.79.

JD Wetherspoo­n The Times

Although sales at the 900-strong pub chain are up, costs are “considerab­ly higher” than last year. The rising minimum wage and a slide in the pound will impact already tight margins. Hold. £11.93.

Kier Group Investors Chronicle

The constructi­on group has struggled with high debt, weak cash conversion and low margins. Now a “shambolic” rights issue has forced a change of leadership, prolonging uncertaint­y. Sell. 531p.

Metro Bank Investors Chronicle

The high-street challenger is “paying the price of its aggressive expansion strategy”. As lending growth outpaces deposits, it has warned on profits and regulatory capital levels. Sell. £15.50.

Primary Health Properties The Mail on Sunday

PHP’S all-share merger with Medicx will create a group with some 480 modern health centres. Income is secure with 90% of rents guaranteed by the NHS, and the prospectiv­e yield is almost 5%. Hold. 113p.

St James’s Place The Times

There is an “uncanny resilience” about the wealth manager, which operates from 22 offices in the UK, and beyond. Inflow growth averages at 17% per year and customer retention is 96%. Hold. 962p.

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