Investment: Sharewatch
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.BUY
Standard Chartered says SG Securities. (850p.) Standard's strategy has been to expand through the Asian economic downturn, positioning the group to capitalise on Asian economic recovery from 2000 onwards. Long term economic growth of 4-8 per cent, compared to 2-3 per cent in Europe, offers the prospect of higher rates of return for Standard Chartered than for the domestic UK banks. This gives a price target of 1200p a share. WPP is a good buy (523p) says Charles Stanley. In addition to acquired growth, the apparent scope for margin expansion within the existing businesses should continue to transform single digit revenue growth into double digit earnings for some time to come.
SELL
J D Wetherspoon (284p) says Charterhouse Securities, which predicts two years of good growth before momentum begins to slow down. As a consequence, there is a high probability that the rating will decline from its current premium level. It suggests that investors should look to reduce holdings and reinvest them elsewhere into quality operators with plenty more mileage ahead of them.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments