CVS Group Share News (CVSG)

Sportswear retailing has long had something of a Wild West reputation, marred as it is by feuds, backbiting and the odd run-in with the law. Tuesday's announcement by the Serious Fraud Office that it was no longer pursuing a cartel inquiry against Sports Direct and JJB Sports may go some way to salvaging that image. But at ten times next year's earnings, steer clear, says the Times.Eddie Stobart is an evocative brand; even if that evocation is generally one of being stuck on a motorway, gazing at the back of one of its trucks as it manoeuvres ambitiously into the overtaking lane. It seems as if those lorries will continue to rumble on with impunity after its parent company, Stobart Group, beat analysts' expectations yesterday with a rise in first-half revenues. On 17 times next year's estimated earnings, the shares are hardly cheap but there is mileage in holding, says the Independent.Distribution group Bunzl, which provides disposable items to the likes of Costa Coffee, Asda and cleaning contractors, said in its third quarter trading update that group revenue for the third quarter had risen 6pc compared with the equivalent period last year. The shares remain a buy at the Telegraph's Questor, although they could be volatile until a Western economic recovery is clearly taking place. Veterinary surgery consolidator CVS Group has had a tough year. The Telegraph's Questor feels reassured by the full-year results but the company needs to show that like-for-like sales are rising and progress is being made on debt reduction. Until that point, the rating remains a hold.Travel group Holidaybreak's education division was in the spotlight this week as analysts visited its PGL outdoor education centre at Liddington. Liddington is trading strongly, enjoying 100% occupancy, and the group will spend more money over time to triple the number of rooms. The shares, off 15p at 280¾p, are trading on 8.6 times 2010 earnings. Buy, says the Times.Like the country in which it does most of its business, Dragon Oil is something of a curiosity. As the only UK-listed oil company with production in Turkmenistan, Dragon has a potentially valuable role to play in the development of the reclusive Central Asian country's huge hydrocarbon reserves. But its heavy reliance on a single project, the Cheleken field in the eastern Caspian Sea, runs the risk of making it a one-trick pony. Avoid, says the Times. Yesterday's half-year trading update from Telford Homes, the residential building company with a focus on regeneration projects in east London, puts a positive gloss on proceedings. The group's 206 home sales since April are in line with expectations, as are the 133 open-market completions in the first half of the year. But Telford acknowledges both the impact of recession in pushing down profits and the risks ahead, and its board remains cautious about the outlook. Only investors happy to wait at least two years before getting a return should stick with the stock. Others should cut their losses, says the Independent.Yesterday, the AIM-listed engineering business Clyde Process Solutions cheered investors with news of a £1.2m contract with a major Chinese steel company. Resilient through the downturn, with quite high levels of debt reduction, the Independent thinks CPS is worth investing in and could yet yield to a bid (rivals have attracted fancy multiples). Buy, the paper advises.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.