Kamikaze voters leave opportunity in airlines

Long-term growth potential is key

Well, the votes have been counted, the country has had it say, and our political leaders (whoever it is that will be running the country in six months' time) will have the unenviable task of trying to pick their way through an uncertain landscape to try to renegotiate our relationship with Europe, writes Martin Walker, UK equities fund manager at Invesco Perpetual.

Time will tell as to whether we actually leave the EU. A recession for the UK is by no means guaranteed, but even for an optimist such as myself it's hard to see how this is a GDP positive event. In such febrile conditions it is tempting to pay any price to cling to perceived safety but in my experience some of the most uncomfortable investment decisions can turn out to be some of the best. It is important to focus on industry and stock fundamentals, and of course, valuation. Cyclical drivers still key to equity performance - in spite of Brexit One such area offering a deep value o...