SHARE BUYING Playing the Irish card
Published 05/01/2014 | 02:30
IF you want to stick with Irish shares, Standard Life is tipping Ryanair, Aryzta and Paddy Power for the new year.
"Standard Life believes Ryanair's strategy to be nice to its customers will pay off in the long term," said the life assurer in its investment picks for 2014.
"The current lull in profit growth in Paddy Power has been driven by the perfect storm -- the worst sporting results in 33 years, start-up losses in Italy and aggressive marketing tactics by small bookmakers in Britain. None of this negates the long-term competitive advantage which the company has because of its expertise in online and, more specifically, mobile technology."
Some of the Irish stocks tipped by Davy for the new year include packaging giant Smurfit Kappa, banana supplier Fyffes, fruit and veg distributor Total Produce, ferry operators ICG, recruitment firm CPL, and travel software firm Datalex.
Bank of Ireland also got the thumbs-up from Davy as did the insurer FBD and Aryzta, which is behind the Cuisine de France range of breads and pastries.