UK weighs up effect of weakness in Argentina

UK banking and consumer goods companies exposed to the faltering Latin America market have held up well despite the uncertainty their exposure has created, according to Henderson Global Investors. Richard Prew, director of UK retail funds at Hendersons, says UK companies with direct exposure to Latin America have caused concern about the translation effect of weaker Latin American currencies compared with sterling. Another short-term concern is how the currency weakness may slow economic growth, which in turn may lead to bad debts and weaker profits. Robert Buckland, UK s...