TRADERS TIPS

What City insiders are recommending . . .

BUY THIS: Ladbrokes Coral Group

UBS has a ‘buy’ rating on the newly formed bookies which started trading on the stock market last week.

It likes that the merger between Ladbrokes and Coral created cost savings and that Ladbrokes had gained the greatest share of the online gambling market among UK operators over the past two years.

The broker said the shares looked undervalued as online earnings are likely rise significantly by 2020.

SELL THIS: Ashtead

Deutsche Bank has a ‘sell’ rating on the equipment rental firm.

It said the US construction market, where the company has a large proportion of its business, is slowing.

Ashtead has about 550 stores across 40 US states.

Yet some experts believe that construction and building businesses could do well after the US election as both presidential candidates have pledged to spend on infrastructure.

Ashtead shares are up around 8.5pc year to date to 1217p.