Comment & Analysis

LONDON (ShareCast) - Oil services group Wood raised its 2008 dividend - and current consensus forecasts indicate a further uplift is likely in 2009.

The shares are yielding just 1.9%, so there is still plenty of scope for the company to increase its payout, as the dividend is more than 4 times covered by earnings. The shares are now trading on a December 2009 earnings multiple of 11.8 times, which is a discount to peer Petrofac (LSE: PFC.L - news) , which is trading on a forward multiple of 12.6 times. Buy Wood says the Telegraph.

What is good about Tesco (LSE: TSCO.L - news) is its international profile - although there has been talk about significant sales falls at its other foreign operations outside the US. However, this exposure offers it a long-term growth opportunity that the other supermarket groups do not have - yet they trade at higher multiples.

Tesco is a cash-generative business, it is moving towards financial services in some of its branches, where it plans to offer good, old-fashioned banking services. Shares in Tesco remain a buy says the Telegraph.

As Russian oligarchs get down to their last few billion and businesses all over the world are seeing their profits plunge, it's not surprising that business is not great at private jet hire group Air Partner (LSE: AIP.L - news) . Just because business is not good at the moment does not mean that it is not a good business, but now is not the right time to buy. Avoid says the Telegraph.

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