BUY THIS: XP POWER
Analysts at broker Peel Hunt have given XP Power a ‘buy’ rating.
Last week the power supply firm reported a 9 per cent rise in orders and 18 per cent increase in revenue for the three months ending March 31.
Peel Hunt said: ‘The year has begun strongly, with revenue growth well ahead of expectation against tough competition. We are already upgrading profits for the full year by 5 per cent.’
Slow down: The UK recruitment market is subdued compared to European markets
SELL THIS: HAYS
Deutsche Bank suggests that investors should ditch shares in recruitment firm Hays.
Hays warned of a ‘subdued’ UK market last week, despite reporting an increase in net fees growth. Analysts said: ‘Hays is probably pushing lower-cost models more aggressively than peers to take market share. While in the short term this may be good for the company, we suspect this will help speed up lower industry returns.’