Tips from the press
News from Investors Chronicle:

Tips from the press


After 25 consecutive years of growth outsourcing firm Mitie is highly valued but some in the City are wondering if the price has got ahead of itself, notes Tempus in The Times.

Monday’s trading statement indicates that all remains well. Mitie concedes that the world is in a difficult place, but reports that the number of companies and public authorities looking at outsourcing plans and energy saving schemes is strong and sustainable. Broker Investec is happy to put Mitie on a forward multiple of 13 times earnings, meaning a target price for the stock of 310p a share, up from 295p. Late last year Tempus was wary of Mitie’s rating of trading at 11 times next year’s earnings. Holders of the stock should be happy to remain so, but we see no reason to change our caution (Last IC rating: Buy, 21 May).

The Lex column in the Financial Times has noted that shares in

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Indiana Farmers Get Financial Advice On Crop Loss
News from Indiana Public Media:

Photo: Mark Kortum (Flickr)

A farm in Allen County. Farmers in some parts of the state have been hit worst by the drought than others.

Indiana farmers are listening to U.S. Department of Agriculture officials to make sure they know who they need to contact when they assess their final losses from this year‘s drought.

Hancock County farmer Eric Lawyer hosted a “Barn Hall” style meeting with USDA officials and area farmers Monday to discuss the current drought situation. Lawyer says he expects of have a decent soybean crop but lose more than half of this year‘s corn. He says there‘s really nothing to be done.

“This is just one of those years when, Mother Nature, you just gotta deal with what she throws out at you and do your best and go on,” he says. “Kind of put it in the history books and hopefully its another 25-26 years before we get another one like it.”

Lawyer says farmers like him just have to get advice on how to mana…………… continues on Indiana Public Media

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