We see far too many examples of management teams across 'UK plc' failing to act in the interests of the stakeholders of the companies they are employed to run.
Nine years of easy money has made it hard for many senior corporate leaderships to resist taking on excessive amounts of cheap debt to fund ever-larger acquisitions, dividends and share buybacks. We have also seen too many companies heed the advice of management consultants, and aggressively cut costs to boost short-term earnings, only to find growth fizzles out later for a want of investment. Are UK domestics cheap? Six alternative charts investors should be watching In a world where equity valuations expect perfection, this has made the UK stockmarket a minefield for investors i...
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