Andrada Mining Ltd (AIM:ATM, OTC:AFTTF) is a buying opportunity after today’s trading update, according to analysts at broker Berenberg.
Results were a mixed bag, said the broker, with tin production of 232t below the broker’s expectation of 285t as ore processed and grades undershot, but recoveries improved.
Sabre Insurance Group PLC (LSE:SBRE) has had a 'buy' rating maintained at Panmure Liberum as the specialist motor insurer unveiled a new strategy to grow earnings at 10% a year annually ‘through the cycle’.
The broker says the progression will not be linear but it has the ingredients in place to make work, namely “sufficiently rich margins on its core book, the necessary scale, a sophisticated tech stack, and the right management team to execute the new plan”.
Diageo PLC (LSE:DGE) is reportedly considering the sale of Ciroc Vodka, the drinks brand backed by disgraced music mogul Sean “Diddy” Combs.
According to sources cited by Bloomberg, FTSE 100-listed Diageo has contacted potential buyers, including beverage companies and private equity firms, to gauge interest in the brand.