Kam-MoneyAM
- 11 Jan 2004 10:05
A round-up of share tips from the Sunday business sections.
Sunday Times Britain's leading retailer of electrical goods, Dixons (141.75p) made a pretty dismal showing last year, suggests Sharewatch. So even a mildly positive trading update on Wednesday will be greeted with relief. As the extended warranties issue has now been resolved, the shares could be due for a re-rating. Two fund managers assess Northern Foods (142.75p), which gets a thumbs-up from one, Tim Bray of New Star.
Sunday Telegraph Strong Christmas sales reconfirmed Wm Morrison (237p) as a store of value which is taking market share from rivals, report Equity View.The Safeway acquisition should complete by March. Although not without risk, the deal should allow the group to continue outperforming competitors. It also expects bus and rail operator Stagecoach (84.25p) to put in a solid if unspectacular performance after the completion of its US restructure.
Independent on Sunday The Punting in the City column focuses on the UK's second-largest bank, Royal Bank of Scotland (1670p), which was transformed by its 22.5bn buy of NatWest in 2000. Although it has made steady progress since, the market has been sceptical about the bank's prospects. But many analysts think the shares look cheap and suggest RBS may have plenty of positive surprises in store as revenues continue to increase.