Dairy Crest, the maker of Cathedral City and Utterly Butterly, updated the market yesterday, saying that sales in the three months to 30 June were up an impressive 14% and that management's expectations were being hit.

There are concerns over the company's debt but at £475m the company suggests it is perfectly manageable. Buy says the Independent.

Analysts were not upgrading forecasts for Dairy Crest yesterday, but the shares still shot up nearly 10% to leave them trading on a earnings multiple of just 6.6 times. With concerns about commodity price rises still very real, Dairy Crest still has challenges ahead, but has shown at least that it knows how to deal with them. Hold says the Telegraph.

The poor performance of Mexican silver producer Fresnillo shares since listing shouldn't dent its prospects of joining the FTSE 100 later this year, at which point the discount to others in the sector could narrow. Still, today and at these current levels, Fresnillo shares appear cheaper than many of its peers and offer an attractive entry point for investors looking for long-term growth. Buy says the Telegraph.

Camec operates in Africa with copper and cobalt interests in the Democratic Republic of Congo as well as coal mines in Mozambique and South Africa. On any measure, the stock is drastically undervalued, coming in at 5.4 times estimated 2010 earnings, though some will question whether it is right still to run a business in Zimbabwe at present. Buy says the Independent.

No matter how bad the financial crisis gets, and no matter how little money consumers have to spend with retailers, babies are still going to be born. In a statement issued yesterday, Mothercare said that sales in the 15 weeks to 11 July were up 20.7%. Buy says the Independent.

Invensys is now on solid ground and is regaining status. Last month it returned to the FTSE 100, with its operations reclassified as technology rather than electronic equipment, to mark the changes in the business from when it last ranked in the index before its fall from grace. Last year, operating profits at constant exchange rates rose 19 per cent to £254m. It is hoped that Invensys will later this year take another step forward and pay a dividend. Buy says the Times.

Publishing group Informa represents one of the most interesting investment problems in the current market says the Times. The price is 395p compared with a bid of 506p a share as rumours circulate the buyers are struggling to raise the money. Buy in at 395p and, if the bid lands as advertised, make a handy 28% but this amounts to little more than a bet on the credit markets as the shares could tumble if the bid does not go ahead. Fun for traders, perhaps, but a bad basis for an investment. Avoid says the Times.

The record oil price has seen projections for easyJet’s pretax profits this year come down by £100m to £135m. Yesterday’s 8% jump in the share price suggests a rally could be on the cards if crude continues to fall. However, the outlook for the economy means a buy stance is still too risky a proposition. Avoid say the Times.

Blacks Leisure is a turnround story and long-term investors should decide whether to back the management. The signs are not as bad as short-term earnings suggest and the chief executive - with a private equity- style incentive plan - is well regarded by some in the City. July has started well with like-for-like sales up 6.1% and year-on-year savings of £2.4m have been delivered, ahead of schedule. But before the new store format has even been tested it would be early to dip in, says the FT.

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