LONDON (ShareCast) - Buy shares of easyJet, the Sunday Times’s Danny Fortson advised in his Inside the City column. Rival budget airline Ryanair is playing catch-up on the service front but easyJet has already gone up-market by making life easier for passengers and easyJet only competes with its Irish rival on about 5% of routes. The airline’s real goal is to entice passengers away from expensive legacy carriers such as Air France and Alitalia. Investors will be looking for progress on this when Chief Executive Carolyn McCall announces first-half results on May 13th.

Avoid shares of Drax, the Sunday Telegraph’s Questor column advised. The company’s coal-fired power stations have fallen foul of the Government’s attempt to shift to cleaner gas-fired power stations. It is switching its coal-fired generators to wood chip or biomass but the Government seems to have gone cool on guaranteeing a minimum price. Mild weather has added to Drax’s problems and it has said annual earnings will miss forecasts unless markets improve. The shares look pricy and, with legal action against the Government ahead, its existing generators are “under a cloud”.

Investors who buy shares of property group Congyar can reap rewards over the next three to five years, Midas argued in the Mail on Sunday. The company has a profitable investment portfolio and attractive development plans on the Welsh coast. Chief Executive Robert Ware has spent years negotiating permission to develop six sites that include three marinas and space for offices, shops and transport. The development is backed by Fred Done, the bookmaker behind Betfred. Liberum analysts reckon the Welsh assets are priced conservatively on the balance sheet with potential uplift for the share price.

Randgold Resources is placed to capitalise on rivals’ weakness amid the carnage from falling gold prices, Danny Fortson said in his Inside the City column. The Sunday Times tipster said the time for emergency mergers in the sector may have arrived and that Randgold, with a strong balance sheet and record production, is in a position to spend money if a struggling rival needs to sell.

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