…and some to hold, avoid or sell

BP

The Times The oil major is investing in renewables, while high oil prices are feeding into earnings upgrades. But although a new CEO is restoring confidence, evidence of strategy progress is needed. Hold. 516.6p

Churchill China

Investors’ Chronicle The hospitality sector’s struggle with elevated labour, energy and food costs has had a knock-on effect on the ceramics-maker. Still, improved factory productivity is boosting profits, and it’s gaining market share in Europe. Hold. £11.50.

Hochschild Mining

The Mail on Sunday Gold and silver are “having a moment”, and this expanding miner is “basking in the precious metals’ glory”. Its Peru mine is back on track, and production has begun in Brazil. Bank profits on half, and keep the rest. Hold. 149p.

Nichols

The Daily Telegraph The cost-of-living crisis has weighed heavily on the Vimto maker. But overseas sales are up by 16.8% and falling inflation should boost demand for discretionary goods. Solid finances, and new products are reassuring. Hold. 990p.

Tristel

The Daily Telegraph Shares in the hospital disinfectant supplier have outperformed, with revenues up 20% and profits by 34%. A new disinfectant for ultrasound probes has been launched in the US, and approved in Canada. Hold. 480p.

Ultimate Products

Investors’ Chronicle The homewares firm has been hit by supermarket overstocking, supply-chain disruption and the end of the UK air fryer boom. Yet it still managed to grow profits, thanks to lower shipping rates and finance costs. Hold. 150p.