FTSE 100 bull run set to break records

Peter Reid, chief investment officer for UK equities, believes investors can expect another 24 months of rising markets, with firms enjoying supportive valuations, a high return on investment, strong profits growth and abundant free cash flow. Reid said the market has remained inexpensive over the last four years due to minimal re-rating of many companies, with valuations rising in line with profits growth. Although he expects the pace of profits growth to slow, Reid believes valuations will remain attractive for the foreseeable future. He also predicted the surge in merger and acquisiti...