LONDON (ShareCast) - Like its bigger rival, BAE Systems, aerospace and defence firm Cobham has piggy-backed on the strength of US military spending and has successfully refocused its operations by selling lower-quality assets, leaving the group with four main divisions.

It concentrates on a number of high-value specialist markets, including making missiles for aircraft, vehicle intercoms, avionics and surveillance systems and mid-air refuelling equipment. In the first six months of the year it added to its capabilities with five acquisitions for $1.1bn - more have since followed - that have expanded the range of activities in the booming markets of intelligence and national security. Hold, says the Sunday Telegraph.

European newspaper publisher Mecom generates just over 50% of its revenue from advertising, compared with almost 70% for some of its UK peers, with Mecom's classified advertising accounting for just 22 per cent of total revenue compared with approximately 50% for some UK peers. That was reflected in last week's results, which saw the group post an advertising decline of 3%, compared with double-digit declines for its UK peers. Buy, the Sunday Telegraph says.

Many brokers are looking beyond the UK these days - some to the Continent while others have the entire world in their sights. Those with a global outlook believe that America and certain emerging markets, particularly in Asia, could be worth a punt, says the Mail on Sunday.

Updating the market on trading last week, convenience foods group Greencore warned of a marked deterioration in consumer confidence in July. The Irish company also pointed out that many of its most important trading weeks had yet to come before its financial year closes at the end of September. Sell, says the Sunday Telegraph.


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