…and some to hold, avoid or sell

Anexo Group

The Daily Telegraph

Anexo provides credit and legal services to “non-fault” motorists involved in accidents. Investment in offices and staff means profits are likely to fall this year, but usage and market share are rising. Hold. 146p.

AO World

The Times

The loss-making online domestic appliance retailer should record a £40m profit this year thanks to booming sales in the pandemic. Momentum seems to be continuing, but the shares carry no dividend and look unjustifiably expensive. Avoid. 395p.

Cineworld Group

The Sunday Times

After lockdowns and delayed releases of blockbusters, shares in Cineworld spiked on vaccine news. A £560m cash lifeline will boost liquidity, but even with US and UK cinemas closed, it’s burning through £45m a month. Avoid. 46.09p.

EasyJet

Investors Chronicle

Despite battling costs, selling aircraft and raising £3.1bn in cash to counter dwindling income, the airline has recorded its first loss. The vaccine brings hope, but difficulties will continue. Sell. 763p.

National Grid

The Daily Telegraph

The power transmission giant faces a possibly stiff new regulatory regime and the threat of break-up as part of the Government’s plan to achieve net zero carbon emissions by 2050. The dividend is vulnerable. Sell. 945.4p.

Pearson

The Times

The academic publisher was hit hard by college campus closures. But new CEO Andy Bird is likely to accelerate the group’s reinvention as a digital publisher and provider of online courses. Hold. 620.75p.