The UK financials sector is seen as a buy for those investors that believe that the FTSE All-Sh...
The UK financials sector is seen as a buy for those investors that believe that the FTSE All-Share is going to start moving up. This is leading a number of fund managers to prefer the UK banking sector, where a number of highly profitable stocks are now verging on attractive valuations. Giants in the life sector, including Prudential and Norwich Union, have cut dividends recently amid falling equity markets and concerns over their liabilities and solvency ratios. Some fund managers believe value now may be emerging on a stock specific basis. Richard Peirson, manager of the Fram...
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