Investors too optimistic on UK

The UK market now represents fair value but consensus earnings forecasts for next year are too optimistic and further set- backs are possible when reality bites, according to Graham Campbell, head of retail funds at Scottish Widows Investment Partnership. However, select bargains are to be found for investors hunting hard enough as there are still large disparities between the valuations of individual companies, Campbell said. It is a point with which Edward Bonham Carter, joint chief executive of Jupiter Unit Trust Managers, agrees. Overall, the UK stock market is somewhat attractive ...