Sterling's strength continues to hamper the basic industrials but shows no signs of destroying their...
Sterling's strength continues to hamper the basic industrials but shows no signs of destroying their ability to provide above average yields. The UK currency has appreciated strongly against the euro since the single currency was launched. Last Monday sterling surged to a new record of 60.61p, the equivalent of DM3.23 and its highest since March 1999. Hill Samuel Asset Management is overweight the sector believing the global economy offers a favourable backdrop with both Europe and the Far East recovering and the US economy holding firm. One stock the group particularly likes is Cookson...
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