Pricing pressures and differential cost inflation is prompting come UK fund managers to take a cauti...
Pricing pressures and differential cost inflation is prompting come UK fund managers to take a cautious stance towards retailers. Britannic Asset Management is underweight the retail sector, believing interest rates have not yet peaked. Keith Burdon, fund manager at Britannic, says he believes the sector is suffering from over-capacity, particularly in clothing retail. He says: "Clothing retailers are suffering from differential cost inflation with rents on premises rising along with employee wage demands while intense competition in the sector is forcing prices down." Britannic used to h...
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