LONDON (ShareCast) - Christian Salvesen yesterday posted poor results for last year, and was unable to reassure investors that the current year will be any better, says The Times. After also cutting the dividend yesterday, Salvesen is one to avoid, says the paper.

The Independent says there is still uncertainty over Salvesen, despite profits yesterday coming in above expectations. Problems with its pension fund are also an issue, and therefore shares are worth avoiding.

As Dawson receives a cut of the cover price, the newspaper and magazine distributor is experiencing an upturn now the tabloid price war is over and broadsheets are raising their prices. The Independent says the shares are attractive and worth a flutter.

Electronic components distributor Acal says that trading has now stabilised, and the fact that the group is not overly exposed to any one industry sector means the shares are worth holding in the hope of a more solid trading environment, according to The Independent.

Enthusiasm for Stagecoach shares was dampened after the group warned investors that disposals could take between 12 and 18 months. However, while concerns over the impact of Sars in Asia are receding the shares should still be avoided as they have had a solid run and uncertainty remains, says The Times.

Property firm Derwent Valley is finding it tough to stay ahead in the present climate. Derwent has one of the strongest balance sheets in the sector to help it to weather the storm. Hold to catch the upside when the market improves, according to The Times.

The Telegraph catches up with the six stocks it tipped in January, and casts an eye over their performance.

Reuters has continued to slump after January, but as of yesterday was back up just above the starting price. The shares should have further to go, says the paper.

Food company Compass has also had a tough time, but was up a little on the January price, and the shares are worth holding for an upside, says The Telegraph.

The paper also tipped retail group Kingfisher, up 21% since January, and says the shares still have some way to go.

However, the paper says it might be worth taking some profit on glassmaker Pilkington.

The paper’s star performer is JD Wetherspoon, which has risen 40% in the last six months. The Telegraph says drain your glass now, and switch elsewhere.

Finally, the paper casts an eye over luxury car dealership Inchcape, and says shares are worth keeping.


Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.

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