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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
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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
17 Apr 2023 08:52

Royal Mail and union leaders come to agreement over pay and conditions

(Alliance News) - International Distributions Services PLC's Royal Mail and union leaders have come to an agreement after a bitter dispute over pay, jobs and conditions, according to a joint statement on Saturday.

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5 Apr 2023 14:05

Talks between Royal Mail and CWU end without agreement

(Sharecast News) - Talks between union bosses and Royal Mail have ended without an agreement following 11 months of negotiations.

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28 Mar 2023 09:40

Royal Mail threatens to put postal service into administration

(Sharecast News) - Royal Mail issued a threat to put its loss-making postal service into administration, it emerged on Tuesday, amid escalating talks with union chiefs.

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27 Mar 2023 09:34

LONDON BROKER RATINGS: Panmure cuts Centamin to 'hold'

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

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17 Mar 2023 12:31

MPs refer Royal Mail to Ofcom over neglect of postal obligations

(Sharecast News) - A group of parliamentarians said on Friday that Royal Mail had neglected its legal responsibility to deliver letters, accusing the company of prioritising package deliveries.

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17 Mar 2023 07:39

IDS unit Royal Mail referred to regulator over letter delivery

(Alliance News) - A committee of MPs has referred International Distributions Services PLC's Royal Mail to regulator Ofcom for breaching its requirement to deliver letters across the country six days a week.

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21 Feb 2023 11:43

Royal Mail's international services restored

(Sharecast News) - Royal Mail said on Tuesday that its international services have now been restored following a cyber incident last month.

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21 Feb 2023 11:36

Royal Mail international services restored after cyber incident

(Alliance News) - All Royal Mail international services have been reinstated at post offices following disruption caused by a cyber incident, it was announced on Tuesday.

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16 Feb 2023 16:55

Royal Mail workers vote to continue strikes campaign

(Alliance News) - Workers at International Distributions Services PLC's Royal Mail have voted overwhelmingly to continue with a campaign of industrial action in a bitter dispute over pay, jobs and conditions.

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8 Feb 2023 07:55

LONDON BRIEFING: Barratt posts growth but reservations down in January

(Alliance News) - Stocks in London were called to open higher on Wednesday, as investors take their cue from a rally on Wall Street.

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8 Feb 2023 06:09

UK's Royal Mail unveils first stamps of new monarch King Charles

(Alliance News) - International Distributions Services PLC's Royal Mail on Wednesday unveiled the first postage stamps to feature the image of King Charles III, following his ascension to the throne last September.

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7 Feb 2023 12:07

Postal strikes called off after legal challenge

(Sharecast News) - UK postal workers have called off a strike scheduled for later this month after a legal challenge from Royal Mail, the Communication Workers Union (CWU) said on Tuesday.

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7 Feb 2023 09:34

LONDON BROKER RATINGS: Jefferies resumes Taylor Maritime with 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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2 Feb 2023 17:01

CWU to strike on 16-17 February

(Sharecast News) - Postal workers announced that they would strike on 16-17 February due to "unagreed changes" to the structure of work by Royal Mail at offices across the country.

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30 Jan 2023 12:59

Personal Group expects 2022 revenue growth as insurance income climbs

(Alliance News) - Personal Group PLC on Monday said it expected its revenue in 2022 to have grown compared to 2021, helped by growth in insurance annualised premium income and a surge in benefits platform annual recurring revenue.

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