…and some to hold, avoid or sell

AO World Investors Chronicle

Sales continue to accelerate at the electrical retailer. However, it faces “aggressive” competition, losses are widening as it expands rapidly, and high marketing costs weigh on profitability. Sell. 160p.

B&M European Value Retail Investors Chronicle

Sales are ahead at the variety discount chain, but volatile weather has led to uneven trading. Despite its strong position in a changing market, the group faces a year of tough comparative figures. Hold. 410.12p.

Cineworld The Daily Telegraph

“Excellent US performance” is reassuring after the risky £2.7bn takeover of Regal Entertainment. A strong slate of 2018 film releases should offset the risk of a trading blip posed by the World Cup. Hold. 257p.

Glencore Investors Chronicle

The miner faces growing political risk: from American sanctions on Russia as well as in the febrile DR Congo. Its coal assets are overhyped, and there’s a possible Serious Fraud Office probe. Sell. 384.8p.

Royal Bank of Scotland The Daily Telegraph

Shares in RBS gained a “respectable 7.4%” in a year, but have fallen since the Government sold a sizeable stake, swamping the normal level of demand. Dividends and further sales are expected. Hold. 266p.

WPP The Mail on Sunday

The future of the advertising empire – “thrown into turmoil” after founder Martin Sorrell left amid misconduct allegations – is still uncertain. Berenberg has taken a negative stance, naming a target price of £10.75. Sell. £12.37.