Financials have growth potential

We have been seeking opportunities in sectors of the UK stockmarket with two characteristics. First, that it is easy to identify why companies in those sectors should achieve superior rates of growth over the next three to five years virtually regardless of what happens to the UK or the world economies. Second, that those areas are undergoing restructuring. We have been looking for companies with clear commercial leadership in their respective sectors and/or whose stockmarket valuations are substantially lower than their value to a strategic investor. Defence and aerospace is one area wh...