FORTERRA

P 136.4 155 150 140 140 135 130 5 Oct 6 Oct 9 Oct 10 Oct 11 Oct

Building production manufacturer Forterra flagged a "material drop in brick despatches" in an unscheduled trading update, meaning annual Ebitda is expected to be below expectations. Next year the firm expects demand to be at similar levels but it should benefit from lower gas prices. Peel Hunt rated it an 'Add' with a target price of 160p.

REGIONAL REIT

P 29 28.45 28 27 26 5 Oct 6 Oct 9 Oct 10 Oct 11 Oct

Regional REIT announced yesterday that ARA Europe will be its new investment adviser. While both new and old management agreements will continue until 2026, analysts at Peel Hunt noted "today's announcement should simplify the structure". They rated it a 'Buy' with a target price of 60p.

(c) 2023 City A.M., source Newspaper