UK managers turning attention to technology and construction plays

UK smaller companies managers have repositioned their portfolios away from domestic plays and placed them towards technology and construction stocks as companies start to re-invest in this area. According to Harry Nimo, head of smaller companies at Standard Life, technology systems are becoming outdated, companies need to upgrade their software packages and are starting to spend big. One area where money has been pouring into this sector has been the local authorities. For example, housing associations have needed new computer systems to keep track of their housing stock and update cl...