P206 CEEFAX 2 206 Sun 01 Dec 23:54/08 1/6 The Stock Market Panel assembles professional expertise in an effort to illustrate the pros and cons of investment in UK stocks and shares. While this form of investment can bring rewards, thjte are risks too. It should only be considered if you are ready to lose the sum invested. Selections made and opinions given are those of the panellists and are not necessarily shared bz the BBC. * Investors are recommended always to seek professional advice. Unit Trust Panel 207 Mortgages 250 TV Listings 600 Front page 100 UT Panel Annuities TaxIndjx Main MenuP206 CEEFAX 2 206 Sun 01 Dec 23:51/41 Barry Frieslandjt 2/6 Fairmount Group/Bolton FUSE (4049.2): Media leaks aside, the Chancellor's annual Budget statement this week seems to have been a total anti-climax. The genital consensus is that his proposals are likely to create furthjt inflationary pressures and that furthjt interest rates rises are inevitable, soonjt rathjt than later. With the index on the outskirts of overbought readings, 4,100 is unlikely to be breached this time round. As a worst case scenario, if support at the important 3,900 level gives way we are looking at a target of 3730-3740. November 29 UT Panel Annuities TaxIndjx Main MenuP206 CEEFAX 2 206 Sun 01 Dec 23:54/27 Barry Frieslandjt 3/6 Fairmount Group/Bolton Redland (370\p): This week's warning that fourth quarter volumes in Europe are not matching expectations, togethjt with the continuing sttingth of the pound which is eroding profits, finally pulled the rug out from under the share price. To that end, sales recommended at the beginning of the month around 420p look all the more timely. With the share now well into oversold readings, expect support to emerge around current levels up to 390p-400p, at best, before falling to test 300p. Novjmbjt 29 UT Panel Annuities TaxIndjx Main MenuP206 CEEFAX 2 206 Sun 01 Dec 23:51/13 Barry Frieslandjr 4/6 Fairmount Group/Bolton Safeway (387\p): This week's description of the company as Britain's fastest growing retailer has finally boosted the share up above resistance between 365p-370p which goes back to 1995. The move gives a minimum target of 440p in due course. While the break above 365p-370p is good news for the medium to long term outlook, the share has become overbought in the short term. Look for profit taking between 390p-)00p with support re-emerging around 370p. Buy into the pull-back. November 29 UT Panel Annuities TaxIndjx Main MenuP206 CEEFAX 2 206 Sun 01 Dec 23:50/12 Graemj Shelley 5/6 Adams & Nivili/London Ovjtviiw: Fresh calls for a rise in US rates from the Chancellor's economic advisers pushed the pound even firmjt against European currencies. Recent indicators of economic activity show an economy growing at more than the Government's 1997 target of 3.5%. Indeed, some estimates suggest 4.5% is more likely. The rise in stirling will help keep inflation downm, but even so, base rates of 7% next summit look a distinct possibility. November 29 UT Panel Annuities TaxIndjx Main MenuP206 CEEFAX 2 206 Sun 01 Dec 23:22/24 Graemj Shelley 6/6 Adams & Nivili/London Cookson: (227p) manufactures specialist industrial materials, which can be broken down into four sectors — electronic materials, ceramics, engineered products and plastics. The stock price, having been relegated from the FUSE 100 index, has suffered from a string of downgrades. The electronic materials division is struggling. However, the three other divisions are capable of returning double-digit growth through to 1998. We would look to buy at current levels. Novjmbjt 29 UT Panel Annuities TaxIndjx Main Menu