UK firms benefit from economic expansion

Notwithstanding current difficulties in structured credit markets, UK companies are still benefiting from an economic expansion, both at home and abroad, as evidenced by strong earnings growth and upbeat trading statements. In addition, while credit has become harder to come by, it may not have as detrimental an impact on most of corporate UK as some commentators fear. Balance sheets are generally strong and most UK companies do not need to borrow in the bond markets currently. Against this background, investment opportunity seems to have increased, with many high-quality UK stocks lookin...