LONDON (ShareCast) - Northern Foods is boosted by positive broker coverage. The Goodfella’s pizza maker is undervalued despite the prospect of continued weak consumer spending in the UK, Goldman Sachs said as it raised its rating on the company to ‘buy’ from ‘neutral’.
Jeweller Signet, which yesterday said that like for like sales dropped 4.5% during the second quarter, is boosted by an upgrade to ‘hold’ from ‘sell’ at Dresdner Kleinwort.
Also in the retail sector, Debenhams falls after the broker Pali lowered its rating on the department store to ‘hold’ from ‘sell’.
Ferrochrome producer International Ferro Metals and gold miner Randgold resources fall back in line with lower metals prices.