City File: Quantum boost for Hanson

SWITCH from BTR into Hanson. That was the word from stockbrokers Panmure Gordon this week after the disappointing BTR results.

At 255p, Hanson shares carry the remarkable yield of 6 per cent, which is unlikely to last. Panmure's Charles Pick points out that the group's finance charges are easing while its Quantum acquisition in the US is proving a mint. It has raised polyethylene prices four times this year, adding a possible dollars 550m ( pounds 370m).

That could take pre-tax profits up from 1993's pounds 1bn to pounds 1.4bn next year, dragging the p/e ratio down to 13.2. Buy.

A GOOD summer, combined with continuing economic recovery, is putting fizz back into beer shares. But go for the nimbler regionals, rather than the lumbering national groups.

One of the brightest is Greenalls Group, which got out of brewing after the DTI's Beer Orders took effect and now concentrates on pubs, hotels and off-licences. It still makes soft drinks, vodka and gin.

Profits for the year ended this month may have risen from pounds 68.3m to pounds 85m, with help from the acquisition of Devenish. And the dividend record is strong, with increases in each of the past five years. At 461p on a rising trend and a 3.4 per cent yield, buy.

SHARES in Tadpole Technology are poised for a leap forward. There is talk that the workstations company, in which IBM has options over a 12 per cent stake, is about to land a big order within the next few days from a blue-chip US customer. Taxable profits for the year ending this month are expected to almost double to pounds 1.5m, but analysts are looking for a surge to pounds 6m next year, rating the shares, up 15p to 400p on Friday, on 15 times earnings.

GET OUT of Hunterprint shares. They fell 2p to 7p last week as the Canadian Quebecor revealed it was considering a bid. An offer could come this week - but it could be below the market price.

The only attractions of the debt-laden Hunterprint to the Canadians are the plant and a toehold in Britain. Otherwise, it's all uphill.

TAKE up the rights in Emap, the magazine publisher which last week launched a one-for- eight cash call at 360p a share. The company is gaining from steady improvement in the advertising climate in UK and France. The rights money will cut the group's net debts, currently at pounds 174m, and fuel further acquisitions. With earnings expected to grow by at least 20 per cent in the next two years, the shares look attractive for the long term.

THE Sheffield Insulations fan club was cheered by Friday's tripled interim profits and one- for-one scrip issue. The group, which insulates Smithfield meat market and the Houses of Parliament, is changing its name to the trendier SIG and could be heading for profits of nearly pounds 20m for the year. At 273p, that would drop the earnings multiple to 15. Cheap.

SELL IMI, the Midlands metal basher. Although it stands to gain from its building products and fluid power divisions, its titanium business is under the cloud engulfing the aerospace industry and is further threatened by cheap Russian exports.

At 325p, the 4 per cent yield is insufficient compensation for the uncertain outlook.

Sport
The giant banner displayed by Legia Warsaw supporters last night
football
News
news
Voices
The Ukip leader has consistently refused to be drawn on where he would mount an attempt to secure a parliamentary seat
voicesNigel Farage: Those who predicted we would lose momentum heading into the 2015 election are going to have to think again
News
Angelina Jolie with her father Jon Voight
people
PROMOTED VIDEO
News
Melissa and Joan Rivers together at an NBC event in May 2014
peopleDaughter Melissa thanks fans for 'outpouring of support'
Life and Style
tech
Life and Style
life
Life and Style
One in six drivers cannot identify a single one of the main components found under the bonnet of an average car
motoringOne in six drivers can't carry out basic under-bonnet checks
News
ebooksAn evocation of the conflict through the eyes of those who lived through it
News
i100
Voices
Pupils educated at schools like Eton (pictured) are far more likely to succeed in politics and the judiciary, the report found
voices
Arts and Entertainment
Simon Cowell is less than impressed with the Strictly/X Factor scheduling clash
tvSimon Cowell blasts BBC for breaking 'gentlemen's agreement' in scheduling war
News
peopleWrestling veteran drifting in and out of consciousness
Arts and Entertainment
Shady character: Jon Hamm as sports agent JB Bernstein in Million Dollar Arm
filmReview: Jon Hamm finally finds the right role on the big screen in Million Dollar Arm
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.

iJobs Job Widget
iJobs Money & Business

Recruitment Consultants - IT - Trainee / Experienced

£20000 - £30000 per annum + OTE £40-50K first year: SThree: The SThree group i...

Cost Reporting-MI Packs-Edinburgh-Bank-£350/day

£300 - £350 per day + competitive: Orgtel: Cost Reporting Manager - MI Packs -...

Head of Marketing (Online & Offline, Media, Digital, Strategy)

£85000 - £100000 per annum: Ashdown Group: Head of Marketing - Slough, Berkshi...

Database Developer (SSIS, TSQL, Microsoft SQL) London Finance

£35000 - £55000 per annum: Harrington Starr: A Global global asset management ...

Day In a Page

Ukraine crisis: The phoney war is over as Russian troops and armour pour across the border

The phoney war is over

Russian troops and armour pour into Ukraine
Potatoes could be off the menu as crop pests threaten UK

Potatoes could be off the menu as crop pests threaten UK

The world’s entire food system is under attack - and Britain is most at risk, according to a new study
Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Gangnam smile: why the Chinese are flocking to South Korea to buy a new face

Seoul's plastic surgery industry is booming thanks to the popularity of the K-Pop look
From Mozart to Orson Welles: Creative geniuses who peaked too soon

Creative geniuses who peaked too soon

After the death of Sandy Wilson, 90, who wrote his only hit musical in his twenties, John Walsh wonders what it's like to peak too soon and go on to live a life more ordinary
Caught in the crossfire of a cyber Cold War

Caught in the crossfire of a cyber Cold War

Fears are mounting that Vladimir Putin has instructed hackers to target banks like JP Morgan
Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years

Salomé: A head for seduction

Salomé's feminine wiles have inspired writers, painters and musicians for 2,000 years. Now audiences can meet the Biblical femme fatale in two new stage and screen projects
From Bram Stoker to Stanley Kubrick, the British Library's latest exhibition celebrates all things Gothic

British Library celebrates all things Gothic

Forthcoming exhibition Terror and Wonder: The Gothic Imagination will be the UK's largest ever celebration of Gothic literature
The Hard Rock Café's owners are embroiled in a bitter legal dispute - but is the restaurant chain worth fighting for?

Is the Hard Rock Café worth fighting for?

The restaurant chain's owners are currently embroiled in a bitter legal dispute
Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival

In search of Caribbean soul food

Caribbean cuisine is becoming increasingly popular in the UK ... and there's more to it than jerk chicken at carnival
11 best face powders

11 best face powders

Sweep away shiny skin with our pick of the best pressed and loose powder bases
England vs Norway: Roy Hodgson's hands tied by exploding top flight

Roy Hodgson's hands tied by exploding top flight

Lack of Englishmen at leading Premier League clubs leaves manager hamstrung
Angel Di Maria and Cristiano Ronaldo: A tale of two Manchester United No 7s

Di Maria and Ronaldo: A tale of two Manchester United No 7s

They both inherited the iconic shirt at Old Trafford, but the £59.7m new boy is joining a club in a very different state
Israel-Gaza conflict: No victory for Israel despite weeks of death and devastation

Robert Fisk: No victory for Israel despite weeks of devastation

Palestinians have won: they are still in Gaza, and Hamas is still there
Mary Beard writes character reference for Twitter troll who called her a 'slut'

Unlikely friends: Mary Beard and the troll who called her a ‘filthy old slut’

The Cambridge University classicist even wrote the student a character reference
America’s new apartheid: Prosperous white districts are choosing to break away from black cities and go it alone

America’s new apartheid

Prosperous white districts are choosing to break away from black cities and go it alone