LONDON (ShareCast) - Although B&B is well managed and, trading at less than 10 times this year's forecast earnings, is not expensive, now is not the ideal time to be jumping into this sector.

A yield of about 5% and the likelihood of a further release of capital later this year, may be enough to keep existing shareholders interested. But for new investors, there will be better times to buy. Hold.

The prospect of further rate rises and uncertainty on how novice landlords will behave under strain are a powerful argument for taking profits adds the Times.

Renovo is one of the most exciting stories to emerge from the UK biotech sector in a long time and has vast potential says the Independent. Wednesday's deal to give Shire exclusive rights to Renovo's scar treatment Justiva is worth potentially $825m, while Renovo will retain the European marketing rights for Justiva. Broker Goldman Sachs believes that Justiva is worth 330p per share on its own. Buy says the paper.

Aim-listed Mulberry shares have performed spectacularly over the past year but there is probably still more to go for. Investors should be aware that the stock is tightly held. The Singaporean businesswoman Christina Ong holds 60%. Risky buy says the Independent.

Weir Group's acquisition of oil service company US pump business SPM got the sort of reception that most chief executives can only dream of. SPM has grown rapidly on the back of increased exploration due to the high oil price, with revenues up fivefold in three years. The company's shares rose yesterday by 11%, against a fall for the FTSE 250 as a whole. But Weir shares still trade on a forward p/e of 17 times, below some peers, and the shares may yet rise further. Hold says the Telegraph.

The short duration of pre-construction specialist Keller’s contracts means there is little long-term visibility but bullish tidings yesterday and its strengths as a world-class specialist contractor, makes it compelling value at 14 times 2007 earnings. Buy says the Times.

BPP is Britain’s biggest provider of white-collar educational services, under whose auspices 100,000 accountancy exams are sat every year. The greater long-term opportunity lies in BPP’s move to secure degree-awarding powers which, if approved, opens up a market three times the size of its current legal and accountancy work combined. For now, BPP is underpinned by the booming professional services sector. On 16 times 2008 forecasts, investors should hold on says the Times.

Aero-engine maker Rolls-Royce is quietly notching up a string of deals, while its revenue split between civil and military, sales and servicing, will help protect it against the industry cycles that have proved so damaging in the past. Hold says the Telegraph.




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