The FTSE 100 is up some 3% on the year, which is great news. But we all know this progress has been ...
The FTSE 100 is up some 3% on the year, which is great news. But we all know this progress has been far from serene. Indeed, there were times prior to the Iraq war when any sort of positive return seemed unrealistic. With the conflict behind us and some degree of confidence returning to the markets, the question is where do we go from here? In the medium term, we remain positive on the UK equity market. The principal basis for this view is that valuations remain attractive across a range of metrics. This has not been diminished by the bounce from the lows. In particular, we still...
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