SERICA ENERGY

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Analysts at Peel Hunt have rated Serica Energy a 'Buy' af' ater it announced the chief executive Mitch Flegg will exit his role fter helping grow the company. Analysts said Flegg "will leave the company in a very strong operational and financial position ahead of its next phase of growth."

PHOENIX

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Peel Hunt analysts have rated pensions group Phoenix an 'Add' as it forecast its new business cash generation for 2023 is at £1.5bn. The company has also guided it will meet longer term targets two years earlier than expected. "Phoenix is delivering on its new business growth strategy, whilst continuing to extract attractive levels of cash from its back book," analysts said.

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