The 25 basis point rise in US rates has some negative implications for general industrials in the UK...
The 25 basis point rise in US rates has some negative implications for general industrials in the UK. As the Federal Reserve looks to dampen down demand and inflationary pressures in the economy there is a knock-on effect on those UK companies that supply to the US. Fund managers are monitoring companies in their portfolios with exposure to the US market and, in particular, those companies associated with the aeroplane industry. Alex Crooke, manager of the Henderson High Income investment trust, says: "At present the trust is taking profit in stocks such as British Aerospace and Rolls-R...
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