Columbia Threadneedle's Colwell: UK corporates are 'attractive prey' for M&A

Dividends well supported

The synchronous global recovery which began in Q1 2016 has seen global markets perform well and the data has continued to surprise on the upside.

This recovery is arguably exhibiting more self-sustaining characteristics than the numerous false starts we have experienced post the financial crisis. Bulls are heartened by the absence of bearish indicators on 'growth', the spike in new orders, and the fact that inventories are pretty flat, which should feed through to production.  After Donald Trump's election, the market quickly focused on buying reflation, US dollars and financials, funded by selling off any 'bond proxies', but we argued that this was too simplistic. Trumponomics has since lost some velocity while attention and flow...