UK Equity The FTSE All Share Index fell by 1.5% in May. Since the start of 2002 the All Share ...
UK Equity The FTSE All Share Index fell by 1.5% in May. Since the start of 2002 the All Share has fallen a total of 1.9%, largely due to poor returns from the TMT (Telecommunications, Media, Technology) sectors. The leading sectors in May were Tobacco (+15.8%), Steel (+11.8%) and Mining (+8.1%). The under performers were Software (-14.1%), Pharmaceuticals (-11.2%) and Life Assurance (-6.8%). First quarter GDP was revised down, leaving it almost unchanged from the previous quarter, at +0.1%. In general, company results have matched those reduced expectations causing profit warni...
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