Rolls-Royce's view on the economy is not cheery. "The global trading environment remains very difficult and we believe the recovery is likely to be slow," Sir John Rose, the chief executive, said yesterday as the company published its first-half financial results. But the engine-maker still has plenty to be pleased about, and for investors it has attractive prospects. The group is predicting a global civil market worth £50bn in 15 years' time, and last year set up a 450-strong division to be sure to get a piece of the action. Now is also a time for investors to get a piece of the action. Buy says the Independent.Aeroengine group Rolls-Royce confirmed that it expected to meet its forecast for revenue to grow and profits to be unchanged in 2009. It also increased its dividend pay-out by 5% to 6p a share. The shares are trading on a December 2009 earnings multiple of 12 times and yielding 3.6%. Buy says the Telegraph. Rolls-Royce's nous in locking in favourable rates in foreign exchange, its huge base of aftermarket sales, and its strengthened market position, means the shares, at 408p, or ten times earnings, should be bought on the dips says the Times.In producing £90m of pre-tax profits over the past six months, Travis Perkins, the owner of Wickes, is already two-thirds of the way towards booking the numbers that the City was expecting for the year as a whole. At 769¾p, the shares trade at 15 times next year's earnings, carry no dividend, and have nearly trebled since January ? but should have farther to run. Buy on weakness says the Times.While Travis Perkins will be one of the strongest survivors to emerge from the recession, the group will probably not pay a dividend this year and investors may want to consider seeing out potential further turbulence in the commercial property sector. Hold says the Independent. The chill wind of recession is blowing through the racing industry and hitting corporate hospitality hard. Those still going racing are spending less, and at 27 times next year's earnings Arena Leisure shares look pricey. But the Independent argues that is not the case and its TV deal and track developments should boost earnings greatly. Buy says the paper.Laird makes bits and pieces for mobile phones and laptop computers: antennae and shields that protect circuitry from heat and electromagnetic interference. But it also supplies car makers with the shark-fin roof aerials that enable drivers to pick up digital signals on the move.The longer-term trends that support Laird's growth ? the miniaturisation and increased connectivity of wireless devices ? remain intact. The problem is that mobile-handset demand peaks towards the end of the year ? meaning it will not be until September that order patterns become clear. Until then, at 163p, or 13 times earnings, stand aside says the Times.Last week's profit warning from gambling software group Playtech was very disappointing says the Telegraph. Management now has a credibility issue to resolve, but the WHO business looks like a good venture, despite Playtech's management's Pollyanna view of near-term trading. That's why the shares are not an outright sell. The stance on the shares is cut to hold from buy. If you want exposure to this venture, then buy William Hill shares not Playtech says the Telegraph.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.