To appear in Best of the Brokers, email your research to notes@cityam.com

MITIE 94

P 92 90 92.5 88 18 Apr 86 84 82 80 12 Apr 13 Apr 17 Apr 14 Apr 18 Apr

Outsourcing firm Mitie expects improved revenue in 2023 as it increased its ebita guidance by seven per cent to £155m and announced a £50m share buyback. Peel Hunt analysts said they "confidently" maintained their buy rating at 92p per share.

M&C SAATCHI

P 195 190 185 180 18 Apr 164 175 170 165 12 Apr 13 Apr 17 Apr 14 Apr 18 Apr

M&C Saatchi reported net revenues of £271m for 2022, up 8.7 per cent on the same period in 2021 and expects profits of £37m in 2023, but Peel Hunt analysts expect growth of 14 per cent due to cost savings. Its buy stance remains at 260p per share.

(c) 2023 City A.M., source Newspaper