Brokers give UTV and IL&P stronger recommendation

SHARES in UTV and Irish Life & Permanent have been given stronger recommendations by brokers recently, based on similar arguments.

UTV is seen by Goodbody Stockbrokers as a group with high earnings potential going forward plus the good defensive qualities in a slower market. There has also been a second reiterated buy for IL&P.

Stuart Draper, of Dolmen Butler Briscoe, has re-endorsed the financial group's shares following close scrutiny of the Britannic fiasco in Britain, with the group indicating it may not pay dividends of bonuses this year. The news resulted in Britannic's share value plunging 50%.