...and the rest
Investors’ Chronicle
Embracer Games is a “highly acquisitive Swedish gaming business” with 216 games in development. Net sales were up 135% year-on-year in the third quarter to December and operating profits grew by 70%. A p/e of 10.5 times forecast earnings for 2023 is not demanding. Buy (SEK74.29).
Interactive Investor
Bank of Ireland has posted its biggest profit since 2008, helped by cost cutting and a healthy housing market. Buy (€5.42).
The Mail on Sunday
Engineering contractor Babcock makes nuclear submarines and decommissions nuclear power stations. It should benefit from renewed interest in nuclear energy and higher defence spending. Buy (317p). Defence firm Chemring has struggled amid an investigation into money-laundering allegations and a probe into a lethal chemical explosion. However, renewed enthusiasm for defence stocks is causing investors to take a fresh look. Buy on any weakness (309.5p).
Shares
Food and drink wholesale firm Kitwave has strong growth prospects in a fragmented grocery and food-service market. Buy (153p). Safety and testing company Marlowe is going from strength to strength. A recent £135m acquisition positions it as a major player in occupational health.
Analysts expect 19% annual earnings growth. Buy (830p). Warren Buffett’s Berkshire Hathaway is performing well. It has attractive defensive qualities and is well-diversified. Buy ($319).
The Telegraph
Stockbroker Hargreaves Lansdown saw profits fall 20% last year due to rising costs, but the amount of money held with it grew 17%. A new investment programme should boost asset growth, cut costs and grow margins. Buy (1,049.5p).