LONDON (ShareCast) - In the Telegraph, the Questor column is very happy with engineering firm GKN’s takeover of Volvo’s engine division for 633m pounds. The deal pushes the group into becoming one of the top 10 suppliers to the commercial aircraft industry. GKN also trades at a relatively modest 8.3 times earnings. Questor says buy.
The steady rise of Babcock International, the engineering and outsourcing giant, is noted by Tempus in the Times. An extremely upbeat trading statement yesterday underlined its almost unique position within the British economy, able to decommission nuclear power stations as well as be involved in building the next generation. Not to mention providing huge training and maintenance capacity for the military. Trading on 12.5 times earnings, Tempus says Babcock is a buy.
Tempus also likes Cineworld, the cinema chain. It may, or may not, struggle this summer as its tries to do battle with the Olympics but Tempus thinks the company is doing the right things, ending the online booking charge and opening new outlets. The column notes it’s one of the few retail areas that is still able to grow: “one for the long term”.
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