The Week In Review: Growth from all over the world


INMARSAT

Inmarsat's first annual results since coming to market were well received by the City and its potential growth is exciting. It recently launched broadband global area network, giving users access to the internet from pretty much anywhere in the world and the group also continues to pursue talks with US mobile and fixed line operators about allowing them to use its satellites to fill holes in their networks. Buy.

JOHNSTON PRESS

Revenues for recruitment advertisements at Johnston Press's newspapers were down 24 per cent in the second half of last year. On the plus side, this company should benefit from chances to buy more papers as the industry consolidates. Hold

CARILLION

Given the money the government is spending on the Private Finance Initiative, it's no surprise Carillion is doing well. The construction group has announced a 15 per cent rise in profits to £55.5m and advised a 7 per cent rise in its dividend to 8p a share. Buy.

RESTAURANT GROUP

In the past year Restaurant has sold its Caffé Uno and Est Est Est restaurants and gobbled up the Blubeckers gastropub chain. It is much better placed for further growth than many of its high-street peers and has a higher dividend yield. Buy the shares.

CRH

Irish building materials giant CRH has unveiled a 16 per cent rise in annual pre-tax profits to €1.2bn (£820m). The shares have made good progress since this column tipped them in the summer, and they still trade at a discount. Hold.

INTERNATIONAL POWER

When times are good they tend to be electric at International Power. Profits are up from £145m to £299m and investors are to receive an 80 per cent rise in the dividend. But the shares trade at a little less than 15 times forward earnings, a slight premium to the wider FTSE 100, and the company is relatively risky. Hold.

DMATEK

Dmatek sells electronic monitoring devices that will allow authorities to track a person's every movement once a tag has been attached to their body. Given the company's growth rate, from a rational perspective the stock is a buy. But from a moral point of view, it's probably best avoided.

MATALAN

With rumours of a private equity offer, bid speculation once again surrounds the discount retailer Matalan, where a succession of chief executives have failed to reverse its decline. But at 16 times earnings, Matalan shares are overvalued. Sell

.

CENES PHARMA

CeNeS Pharmaceuticals is edging closer to launching its morphine-based pain-killer, but if it fails, CeNeS has little to fall back on. One for the brave only.

ROYAL & SUNALLIANCE

Although this stage in the insurance cycle might not seem be the ideal time to increase your exposure to the UK's largest general insurer, the group has been severely undervalued over the past few years. With the major risks now behind it, and the share price beginning to climb, RSA is a buy.

UMBRO

2006 is going to be a good year for Umbro. The World Cup in Germany is set to be a major money spinner for the sports wear group with sales of England replica shirts to be key. Yet the shares trade at just 12 times forward earnings. Hold

IMI's restructuring engineers a steady growth in earnings

IMI, the Birmingham-based engineer, seems to be doing the right things. Management, led by the respected chief executive Martin Lamb, has spent the past four years restructuring operations to focus on producing valued-added products rather than commodity goods.

Lamb has also done a great job taking costs out of the business. This has been achieved primarily by moving production to lower-cost countries including Mexico and China. Since 2003, IMI shares have more than doubled, thanks to steady earnings growth. IMI's stock trades at 15 times forward earnings. For a quality outfit that is not expensive. Buy.

The above recommendations are taken from the daily Investment Column

m.jivkov@independent.co.uk

Independent Partners; request a free guide on NISAs from Hargreaves Lansdown

Voices
The Sumatran tiger, endemic to the Indonesian island of Sumatra, is an endangered species
voicesJonathon Porritt: The wild tiger population is thought to have dropped by 97 per cent since 1900
Arts and Entertainment
Beast would strip to his underpants and take to the stage with a slogan scrawled on his bare chest whilst fans shouted “you fat bastard” at him
musicIndie music promoter was was a feature at Carter gigs
News
news
Arts and Entertainment
Story line: Susanoo slays the Yamata no Orochi serpent in the Japanese version of a myth dating back 40,000 years
arts + entsApplying the theory of evolution to the world's many mythologies
PROMOTED VIDEO
News
Performers dressed as Tunnocks chocolate teacakes, a renowned Scottish confectionary, perform during the opening ceremony of the 2014 Commonwealth Games at Celtic Park in Glasgow on July 23, 2014.
news
Life and Style
Popular plonk: Lambrusco is selling strong
Food + drinkNaff Seventies corner-shop staple is this year's Aperol Spritz
News
Gardai wait for the naked man, who had gone for a skinny dip in Belfast Lough
newsTwo skinny dippers threatened with inclusion on sex offenders’ register as naturists criminalised
News
Shake down: Michelle and Barack Obama bump knuckles before an election night rally in Minnesota in 2008, the 'Washington Post' called it 'the fist bump heard round the world'
newsThe pound, a.k.a. the dap, greatly improves hygiene
Arts and Entertainment
La Roux
music
Arts and Entertainment
Graham Fellows as John Shuttleworth
comedySean O'Grady joins Graham Fellows down his local Spar
News
people
News
Ross Burden pictured in 2002
people
News
Elisabeth Murdoch: The 44-year-old said she felt a responsibility to 'stand up and be counted’'
media... says Rupert Murdoch
Arts and Entertainment
tv
Extras
indybest
Sport
Arsenal signing Calum Chambers
sportGunners complete £16m transfer of Southampton youngster
Finacial products from our partners
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs Money & Business

    Data Governance Manager (Solvency II) – Contract – Up to £450 daily rate, 6 month (may go Permanent)

    £350 - £450 Per Day: Clearwater People Solutions Ltd: We are currently looking...

    Java Developer - Banking - London - Up to £560/day

    £500 - £560 per day: Orgtel: Java Developer FX - Banking - London - Up to £560...

    HR Business Analyst, Bristol, £350-400pd

    £350 - £400 per day + competitive: Orgtel: My client, a leading bank, is curre...

    Account Manager - (Product & Account Management, Marketing)

    £26000 - £30000 per annum + Benefits: Ashdown Group: Account Manager - (Produc...

    Day In a Page

    The children were playing in the street with toy guns. The air strikes were tragically real

    The air strikes were tragically real

    The children were playing in the street with toy guns
    Boozy, ignorant, intolerant, but very polite – The British, as others see us

    Britain as others see us

    Boozy, ignorant, intolerant, but very polite
    Countries that don’t survey their tigers risk losing them altogether

    Countries that don’t survey their tigers risk losing them

    Jonathon Porritt sounds the alarm
    How did our legends really begin?

    How did our legends really begin?

    Applying the theory of evolution to the world's many mythologies
    Watch out: Lambrusco is back on the menu

    Lambrusco is back on the menu

    Naff Seventies corner-shop staple is this year's Aperol Spritz
    A new Russian revolution: Cracks start to appear in Putin’s Kremlin power bloc

    A new Russian revolution

    Cracks start to appear in Putin’s Kremlin power bloc
    Eugene de Kock: Apartheid’s sadistic killer that his country cannot forgive

    Apartheid’s sadistic killer that his country cannot forgive

    The debate rages in South Africa over whether Eugene de Kock should ever be released from jail
    Standing my ground: If sitting is bad for your health, what happens when you stay on your feet for a whole month?

    Standing my ground

    If sitting is bad for your health, what happens when you stay on your feet for a whole month?
    Commonwealth Games 2014: Dai Greene prays for chance to rebuild after injury agony

    Greene prays for chance to rebuild after injury agony

    Welsh hurdler was World, European and Commonwealth champion, but then the injuries crept in
    Israel-Gaza conflict: Secret report helps Israelis to hide facts

    Patrick Cockburn: Secret report helps Israel to hide facts

    The slickness of Israel's spokesmen is rooted in directions set down by pollster Frank Luntz
    The man who dared to go on holiday

    The man who dared to go on holiday

    New York's mayor has taken a vacation - in a nation that has still to enforce paid leave, it caused quite a stir, reports Rupert Cornwell
    Best comedians: How the professionals go about their funny business, from Sarah Millican to Marcus Brigstocke

    Best comedians: How the professionals go about their funny business

    For all those wanting to know how stand-ups keep standing, here are some of the best moments
    The Guest List 2014: Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks

    The Guest List 2014

    Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks
    Jokes on Hollywood: 'With comedy film audiences shrinking, it’s time to move on'

    Jokes on Hollywood

    With comedy film audiences shrinking, it’s time to move on