Tuesday newspaper share tips: British Land, BAE Systems

Yes, the caution evident in the company's trading statement the day before was "conspicuous", but following a couple of weeks of utter confusion one got the impression that the market was reverting to an equilibrium, the tipster said.

As an example, since the referendum vote the company had sold its flagship Debenhams store on Oxford street to the family behind the H&M fashion chain.

It had also filled the last space in the Cheesegrater building and the pace of retail lettings and renewals was coming through at the same clip as before. The latter was important because half of British Land's retail space was shopping centres.

Any of those buyers could have pulled out, taking a negative view on the UK, but they did not, Tempus emphasised.

To boot, the company's loan-to-value ratio was below 30%, meaning it was ready for any eventuality.

British land's last published net asset value was 919p, such that "the discount that the shares now trade on to this looks too wide, on any reasonable reading of the market," Tempus said.

"Buy," was the column's advice.

Shares in the world's third-largest maker of armament, BAE Systems, were essentially a 'play' on whether the world was becoming more dangerous, prompting The Daily Telegraph's Questor team to answer with a resounding 'Yes' and recommending to its readers that they 'buy' the shares.

Monday night's parliamentary vote on the "Successor" programme to the country's nuclear submarine deterrent was a case in point, Questor said, showcasing the fact that BAE Systems was the only British company that was up to the task of the 20-year £31bn project.

However, remarks from Defence Secretary Michael Fallon hinted that the engineering group would be held accountable for a large proportion of any cost overruns.

So there were risks out there.

On a more positive note, if BAE got it right then it could count on a large, long-term revenue stream, Questor said citing research from Goldman Sachs.

Indeed, the new subs were expected to be in service until the 2060s.

BAE had also been selected to build the Royal Navy's new frigates and it was responsible for about 15% of the workload on each new F-35 stealth fighter, alongside a huge operation providing support for military kit already in service.

An increasingly perilous world would likely trigger more orders for its Typhoon jet too.

"Trading on a price-earnings ratio of 13.8, BAE is good value compared with rivals and the forecast 4pc dividend yield is respectable, too. Questor – while hoping for peace – upgrades to Buy."