Northgate Share News (NTG)

Economists at Barclays Research on Monday issued a note in which they lifted their forecasts for economic growth in the UK as the animal spirits of consumers and businesses improve, prompting increased household consumption and investment, respectively. The above is reflected in recent readings for the country's purchasing managers' indices, for both manufacturing and services, which have been rebounding from the lows seen in the second half of next year.In turn, Barclays now sees growing support for its forecasts for improved profitability at British companies in the second half of 2013. Most leveraged to a macro-recovery - in its opinion - are: Hays (OW, price target: 120p), Crest Nicholson (OW, price target 370p), Kingfisher (OW, price target: 430p), Dixons (OW, price target: 46p), Sainsbury (OW, price target: 410p), Whitbread (OW, price target: 3420p), Rightmove (OW, price target:), Intu (OW, price target: 409p), Mitchells & Butlers (OW, price target: 400p) and Northgate (OW, price target: 384p). More specifically, the bank now sees Britain's gross domestic product expanding at a 1.1% rate in 2013 (previously 0.9%) and 2.1% in 2014 (previously 1.8%). Worth highlighting, while investment growth is still likely to decline by -9%, in 2013, the lender's estimate of the quarterly path for business investment in 2013 is stronger than before.