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• Hold Burberry Group (BRBY) by Stifel
• Neutral Hammerson (HMSO) by UBS
• Buy XPS Pensions Group (XPS) by Deutsche Bank
• Buy Direct Line Insurance Group (DLG) by Deutsche Bank
• Hold Aviva (AV.) by Deutsche Bank
• Buy Cerillion (CER) by Berenberg
• Buy Judges Scientific (JDG) by Jefferies
• Hold Drax Group (DRX) by HSBC
• Hold Robert Walters (RWA) by HSBC
• Overweight United Utilities Group (UU.) by Morgan Stanley
• Buy SThree (STEM) by HSBC
• Buy Hays (HAS) by HSBC
• Hold TT Electronics (TTG) by Berenberg
• Outperform WH Smith (SMWH) by RBC Capital
• Sector Perform 3i Group (III) by RBC Capital
• Outperform B&M European Value Retail S.A. (DI) (BME) by RBC Capital
• Outperform XPS Pensions Group (XPS) by RBC Capital
• Underweight Vistry Group (VTY) by Barclays
• Overweight St James's Place (STJ) by Barclays
• Overweight Prudential (PRU) by Barclays