Sunday newspaper share tips

By THIS IS MONEY
Updated:

 

EACH week, This Is Money brings you a round-up of who is being tipped in this weekend's City pages. Click here for the Financial Mail on Sunday's Midas column.

SUNDAY TIMES
Record profits of above £9m are expected from Scottish brewer Belhaven when it reports results next month. Analysts believe Belhaven could grow organic earnings by 10% in the future. Shares are currently 298p.

SUNDAY TELEGRAPH
Figures last week from Matalan suggest the retailer has recovered from last year's profit warnings and the sudden departure of chief executive Angus Monro. Analysts expect further improvement this year. Buy at 377p.

Shares in CGNU have sunk to a near five-year low after Britain's biggest insurer announced it would cut its dividend by 40% and reported declining margins in first quarter new business. But CGNU looks oversold at 693 1/2 p.

Better-than-expected first quarter figures and the release of a new version of its attention deficit disorder drug Adderall have helped Shire Pharmaceuticals' shares to bounce back to 624p. Buy.

Specialist software provider Mondas should break even this year and is tipped to make a profit of nearly £1m in 2003. While start-ups are a risk, the company is well funded and should move forward. Buy at 25p.

SUNDAY EXPRESS
Housebuilder Redrow has the foundations for growth with a strong land bank and one of the best returns on capital in the industry. Shares - at 311 1/2 p - have been helped by the Bank of England's reluctance to raise interest rates.

Domino Printing's shares have gained 50% this year as the inkjet and laser product group's cost-cutting and market share gains have helped in tough conditions. Evidence of an economic recovery should lift shares from 154p.

Maintenance contractor Mears Group has been lifted by recent contract wins, including a £130m 10-year contract with Richmond Housing Partnership. Given margin improvement opportunities, shares are worth considering at 102p.

Shares in catering equipment group Enodis are showing signs of recovery after a difficult 2001. Cost-saving initiatives will restore confidence but progress hinges on the US. Despite uncertainty, shares are worth a look at 95p.

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