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Pin to quick picksInternational Distributions Services Share News (IDS)

Share Price Information for International Distributions Services (IDS)

London Stock Exchange
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Share Price: 320.40
Bid: 320.80
Ask: 321.20
Change: -1.80 (-0.56%)
Spread: 0.40 (0.125%)
Open: 323.80
High: 324.80
Low: 318.80
Prev. Close: 322.20
IDS Live PriceLast checked at -

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Sunday share tips: Top picks to consider for 2024

Sun, 31st Dec 2023 10:21

(Sharecast News) - The Sunday Times and Mail on Sunday have offered their top investment tips for 2024, which includes stocks from a variety of sectors such cruises and market research to metals and real estate.

Business writers from The Sunday Times each gave their individual choices on what stocks to back. Here are a selection of their best picks.

First up was Oliver Gill who recommended investors take a look at housebuilder Persimmon following a tough year for the sector in 2023. In November, the company reported it was trading in line with forecasts and that build costs were moderating. Meanwhile, it has earmarked £8m to cover the cost of cladding following the Grenfell disaster, which is a lot more than others in the sector. "Whichever way you look at it, this move by the York-based housebuilder could stand it in good stead in 2024," Gill said.

William Turvill has highlighted market research firm YouGov, given the company's political polling services will be in demand amid the "prospect of political turbulence in 2024".

Jill Treanor says professional services group Begbies Traynor is worth a shot, as the company's insolvency services could be much needed with the economic climate set to sour further in the UK next year.

Carnival is another top pick, according to Jon Yeomans, with the cruise-ship operator set to deliver another record-breaking year for revenues in 2024 with customer demand on an upwards trajectory.

Oliver Shah recommends accountancy and business software group Sage despite the stock having already risen 60% in 2023. "My bet, however, is that integrating artificial intelligence into the company's products will put new boosters under the share price. I am hoping for at least 10 per cent from Sage in 2024," Shah said.

Over at the Mail on Sunday, Joanne Hart's Midas column has highlighted four key stocks to take a look at in 2024.

Hart said Empire Metals, the AIM-listed miner based in Western Australia, could surge given it may have discovered one of the biggest titanium deposits in the world.

"Early-stage exploration firms are not for the faint-hearted but adventurous investors should give Empire a go. [...] At 9.3p, Empire shares could go far," Hart said.

Midas also recommends Royal Mail owner International Distribution Services, whose shares have halved over the past two years. Hart said the stock "has been through the mill but at £2.72, the shares should deliver rewards in time. Buy and hold".

Commercial property firm Land Securities is also worth a look, and offers "plenty of upside" after a tough year during which elevated interest rates hit share prices across the real estate sector. "Land Securities has had a tough few years but prospects are much brighter. At £7.05, these shares are a buy," Hart wrote.

Finally, cellular agriculture firm Agronomics could stand to benefit from the booming cultivated meat industry, which could be worth £20bn a year by 2030, the column said. "Agronomics provides investors with a chance to access this market at an early stage and the shares, at 9.5p, are worth a punt."

More News
18 Jan 2024 08:36

IDS on track to meet FY guidance following strong Christmas performance

(Sharecast News) - Logistics group International Distributions Services said on Thursday that it had seen a "marked improvement" in Royal Mail's Christmas performance, putting the group on track to meet full-year guidance.

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13 Dec 2023 07:22

Royal Mail parents IDS mulling potential €500m Packeta bid - report

(Sharecast News) - The owner of the Royal Mail is considering a potential bid for Czech parcels giant Packeta worth up to €500m, it was reported on Wednesday.

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12 Dec 2023 16:55

LONDON MARKET CLOSE: Europe rally loses steam as focus turns to Fed

(Alliance News) - London's FTSE 100 spent most of the day solidly in the green, and the CAC 40 in Paris spiked to a record high, though Tuesday's rally waned and signs of caution emerged again ahead of a trio of central bank decisions.

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12 Dec 2023 16:00

London close: Stocks slip as investors digest US inflation

(Sharecast News) - London's markets finished in the red on Tuesday, as investors digested a slight decrease in consumer inflation in the US, while the UK's unemployment figures remained stable.

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12 Dec 2023 15:55

Royal Mail parent IDS surges on BofA Merrill Lynch upgrade

(Sharecast News) - Royal Mail parent International Distribution Services surged on Tuesday after Bank of America Merrill Lynch upgraded the shares to 'buy' from 'neutral'.

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21 Nov 2023 10:18

Royal Mail strikes new partnership with TikTok

(Sharecast News) - Logistics firm Royal Mail has inked a new partnership with social media giant TikTok to help merchants of all sizes improve their delivery experience.

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20 Nov 2023 10:12

LONDON BROKER RATINGS: Goldman likes StanChart; RBC raises Currys

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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16 Nov 2023 12:06

LONDON MARKET MIDDAY: Stocks down as post-inflation data rally fades

(Alliance News) - Stock prices in London were down at midday on Thursday, with mixed corporate updates tempering enthusiasm in the wake of two favourable inflation readings earlier in the week.

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16 Nov 2023 10:45

Royal Mail parent IDS sees first-half losses jump

(Sharecast News) - International Distributions Services, the holding company of Royal Mail and GLS, saw losses more than double in the first half as lower parcel volumes and a pay settlement with workers dented the bottom line.

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16 Nov 2023 09:31

TOP NEWS: Royal Mail owner calls for "urgent" reform as loss balloons

(Alliance News) - International Distributions Services PLC on Thursday reported a widened interim loss as revenue at UK letter deliverer Royal Mail declined and costs increased.

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13 Nov 2023 14:33

London close: Stocks firmer ahead of key inflation readings

(Sharecast News) - London markets closed in a resilient state on Monday, maintaining positive momentum from the end of last week after solid gains on Wall Street on Friday.

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13 Nov 2023 11:06

Royal Mail fined GBP5.6 million by Ofcom for missing delivery targets

(Alliance News) - International Distributions Services PLC's Royal Mail arm has been fined by the UK communications regulator for not meeting its targets for mail delivery.

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13 Nov 2023 09:05

Royal Mail fined £5.6m by Ofcom for missing delivery targets

(Sharecast News) - Ofcom has fined Royal Mail £5.6m for missing postal delivery targets in the last financial year "by a significant and unexplained margin".

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13 Nov 2023 08:51

LONDON MARKET OPEN: Upbeat start to quieter week; Phoenix rises

(Alliance News) - Stock prices in London opened higher on Monday, as investors keep a keen eye on US government funding and upcoming inflation data.

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