Negative sentiment towards UK equities is here to stay, yet the recent market weakness has created some relief for mid-cap stocks: FTSE 250 price to earnings are now closer to the lows of June 2016, despite maintaining a free cashflow margin of 7.44%, which has shown 40% growth over the same period.
While uncertainty continues around Brexit, Prime Minister Theresa May's Chequers plan looks to have won support from UK business and European negotiators. Nevertheless, key Tory Brexiteers are unhappy with the plan for a quasi-single market, but their rhetoric lacks any credibility without an opposing plan. Regardless of the outcome, continued uncertainty, and any potential for a return to the drawing board, will severely harm business investment. UK GDP grows 0.4% in Q2 A positive sector of the UK market, is also one of the most unloved. On the ten-year anniversary of the bank...
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