Schroders remains bullish on UK tech stocks despite their high valuations and the threat of rising i...
Schroders remains bullish on UK tech stocks despite their high valuations and the threat of rising interest rates. Humphrey van der Klugt, manager of the Schroder UK Equity unit trust, said tech share prices are being driven by an excess of demand over supply and even if rates rose to 7% this would not be enough to halt momentum in the sector. ARM is currently on a P/E ratio of 1306 times and saw its share price rise by 736.83% in the 12 months to 27 January. Logica is on a P/E of 159 times and the company's share price increased by 193.71% in the last 12 months. This compares with a P/E ...
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