City File: Kleinwort Benson recommends buying BET shares
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.KLEINWORT Benson has recommended buying shares in BET, the services group, noting among other things that its disposal programme is well advanced. Last week, according to Construction Weekly magazine, the firm continued the trend, quietly offloading Lorne Stewart, an electrical and mechanical engineering services company to a Bermudan investment company. According to the magazine, the sale of the company - which has a turnover in excess of pounds 100m a year - was too small to justify a Stock Exchange announcement.
Meanwhile, Kleinwort says that although trading in BET's remaining businesses remains tough, a 28 per cent rise in interim profits is expected, and it is rated an attractive recovery stock.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments