Lagan boost for Breedon

Aggregates company Breedon (LON: BREE) has a strong growth record and interim figures on 25 July will show if this is continuing. Peel Hunt believes that annual earnings per share growth should average high single digits over the next three years and it could be higher if the right acquisitions can be found.

However, there is a concern about what will happen to the stake owned by St James’s Place, which has already been cut from 6.4% to 2.9% in just over one month. This stake appears to have been inherited in the fund that was previously run by Woodford Investment Management.

Also, outg...

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Andrew Hore
Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.