Fidelity's Karunathilake says some UK stocks insulated against inflation

Karunathilake has identified three different groups of companies which he claims are insulated against rising prices and could provide superior growth prospects. He explained: "Inflation - or more precisely, people's perceptions that prices are rising much faster - is likely to cast its shadow over economies and markets for some time to come, yet UK equity investors can not only protect themselves from higher prices, but also seek to profit from them." Karunathilake cited defensives as a good investment, as some companies either have revenues linked to inflation or can pass on higher ri...