Old Park Lane Capital this morning maintained a “buy” rating at Range Resources (LON:RRL), which recently acquired an interest in a second Texas oil field. The broker said it expects that news flow regarding all Range’s US assets would provide strong support to the shares over the next few weeks. “However, with high impact exploration drilling set to commence in Puntland in Q4, we believe that Range has the potential to provide investors with significant upside over the longer term,” it added.

Elsewhere, Astaire Securities noted news from cleantech firm Teg Group(the)plc (LON:TEG), which has picked up a contract with Fife Council to process food and garden waste at its Perth facility. Astaire said the contract, the second this week, was the latest in a portfolio that will generate steady predictable revenue streams alongside the more lumpy contracts to build and supply plant for composting facilities. Turning its attention to telecoms group Daisy Group (LON:DAY), which has acquired MurphX Innovative Solutions, Astaire said the group’s relentless buy and build strategy had so far avoided the numerous pitfalls of an aggressive consolidation model but risks still persist.

Driver Group (LON:DRV) reported interim results in line with the expectations of WH Ireland, earning a maintained “buy” recommendation despite forecasts that Driver will make a loss this year. The broker said it was sticking with its FY11 forecast of £1.6m given the growth opportunities coming through combined with the full year benefit of £1m cost reduction actions taken this year. Moving on, WH Ireland said that yesterday’s AGM at butchers group Crawshaw Group (LON:CRAW) was encouraging, with news that current trading is ahead of budget and new store openings are on track. It maintained a “market perform” rating on the business, which it described as “fundamentally sound with good growth prospects going forward”.

After last week’s upgrade from “hold” to “buy” at BP (LON:BP.) Westhouse Securities responded to yesterday’s news that Anadarko Petroleum (NYSE:ACP) had opened the door to using binding arbitration as a potential course of action to resolve its dispute with BP over the clean-up of the oil spill in the Gulf of Mexico. Westhouse suggested that arbitration would most likely be a much faster process than litigation, and a speedier way of removing some uncertainty associated…

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