LONDON (ShareCast) - City traders' annual trip to an HR Owen showroom might have to be put off this year if bonuses in the crisis-hit Square Mile fail to stretch to the latest Ferrari or Lamborghini. The credit crunch has come at just the wrong time for the luxury car dealer and with a takeover battel unlikely, the Independent says sell.

Although at yesterday's 339p, or 11 times current-year earnings, much of the gloom is now priced in at budget airline easyJet, fuel concerns counsel continued caution, so the Times says avoid, while the Telegraph says that in the short term this is no time to hop aboard.

Management at the electronics distributor Premier Farnell offered a pleasant surprise for City analysts yesterday with better-than-expected results; most were left falling over themselves to recommend a buy for the group. The Independent agrees.

The US government is keen that airline passengers spend less time going through security controls, which is good for engineering firm Smiths Group, which is developing systems to allow travellers to keep laptops in bags and liquids in bottles before they board planes. Hold says the Independent, as does the Times.

Europe's second-largest listed cigarette maker Imperial Tobacco has seen its share price fall 15pc this year and concerns look overdone. Like that smokers' awning outside the pub, if a storm really is upon us, Imperial could be a good place to take cover. Buy says the Telegraph.

Management at the electronics distributor Premier Farnell offered a pleasant surprise for City analysts yesterday with better-than-expected results; most were left falling over themselves to recommend a buy for the group. The Independent agrees.

The prospect of upgrades at support services group for the resources sector Cape this year, together with a mooted move to the full list, suggest that the shares, at nine times 2008 earnings, should be tucked away, reckons the Times.



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