Sunday newspaper share tips

By THIS IS MONEY
Updated:

 

Each week, we round up the main share tips from the Sunday newspapers. For the Financial Mail's stockpicker Midas go to thisismoney.co.uk/midas.

For This is Money's mid-week share tips round-up, click here.

Sunday Telegraph

Investors should keep buying shares in Associated British Foods, which owns discount fashion chain Primark, as long-term growth prospects still look strong. Although the firm's grocery business - owner of brands ranging from British Sugar to Kingsmill bread - has performed less strongly, Primark's success is driving the business forward and the chain has expanded into Spain with two new stores. AB Foods' £1 billion property portfolio also makes the shares attractive at 925½p.

Online gaming firm Leisure & Gaming is rebuilding after the impact of US legislation outlawing internet gambling last year. The firm, which combines online operations with franchised betting shops, has built up a chain of more than 1,100 outlets in Italy with 58 new licences also won recently. While the business is currently loss-making, it is targeting markets with less competition such as Romania and Lebanon. Bold investors should buy at 17¼p.

Outsourcing specialist Xchanging made its stock market debut last week with shares over-subscribed by more than five times. The company has a roster of public and private sector clients including the NHS and BAE, focusing on joint ventures with its clients to save money in areas such as streamlining back office functions. Xchanging also has a presence in less mature international outsourcing markets and investors should buy at 261½p

West African oil and gas company Afren's shares have suffered a bumpy ride in the last six months on falling oil prices and the departure of chief executive Brain O'Cathain. But investors are advised to take another look after the business secured £100m from banks to finance the Okuru Setu project in shallow water off Nigeria. Afren is looking for 15,000 to 20,000 barrels of oil a day from the project by early next year, and brokers have upped their price targets on the company. Buy at 52¾p

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