Wednesday newspaper share tips: Page Group, Phillips 66, Volution Group

As one might have expected, Page Group saw business slow down after Brexit, but by nowhere near as much as analysts had expected, The Times's Tempus pointed out.

Hiring slowed ahead of the referendum vote but the 4.7% drop in fee income from the UK was not as bad as feared by the number crunchers in the City.

Nonetheless, fees from the UK public sector dropped by 9% and activity at lower salary levels picked up, with the latter good news for the likes of rival Hays.

Its Page Personnel arm, which specialises in temporary work and makes up roughly a quarter of the business only saw a 3% slide, which was "hardly catastrophic" according to the tipster.

Things are also looking up in Latin America an Germany, although its New York financial services unit saw a decline of 41%.

Nonetheless, what matters is that cash is rapidly piling up, making special payouts likely.

Trading on a dividend yield of nearly 5% the stock is worth holding onto, Tempus said.

"It is hard to be too confident about prospects, especially in the UK, but the dividend yield does at least give some support, [so Hold]."

The Daily Telegraph's Questor column opted to 'follow the money' and comment on a US-listed outfit on Wednesday, oil refining and marketing group Phillips 66.

In particular, the investment column notes that it is one of multi-billionaire investor Warren Buffett's favourites and the fact that it is relatively shielded from falling oil prices, given its ability to defend its margins, unlike the big integrated oil majors.

Shares in recently floated Volution Group are below their 2014 float price but offer good growth prospects in the long-term, according to Tempus.

The manufacturer of ventilation products - sometimes seen as a "useful play" on the UK housing market - has the ability to fund acquisitions from its own cash flow, instead of having to go cap in hand to investors.

Weakness in the UK repairs and maintenance market has taken its toll on the company, but the growth prospects are there in the long-term, Tempus judged, telling readers of the column to 'buy'.