SUNDAY TIPS; SUNDAY TELEGRAPH In association with BUSINESS.
Supermarket giant Sainsbury's reported steady Christmas sales last week despite gloom elsewhere in the retail sector. Although its shares are sharply down on last year - when the chain was buoyed by bid interest -chief executive Justin King has performed well in turning around the previously-struggling retailer, which has seen its 12th consecutive quarter of like-for-like growth. Investors are urged to keep their nerve and the shares are rated a long-term buy at 385p.
RWS Holdings - a firm which translates patents into different languages - looks a good bet amid signs of a slowdown. It translates thousands of documents into dozens of different languages on behalf of major companies such as drugs firm AstraZeneca. Although agreements limiting the number of patent translations needed could hit European earnings, the firm is expanding into other markets. Buy at 328p.
Conferencing business ITE Group offers multinational firms the chance to sell into countries formerly part of the Soviet Union. The firm has longstanding relationships with venue-owners in Russia and already has 60% of this year's revenues booked. ITE operates in fast-growing economies and looks a good bet at 148p.
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|Publication:||Daily Post (Liverpool, England)|
|Date:||Jan 14, 2008|
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