Which companies can grow their profits in 2012?

UK

We may be facing a low growth economy, but there are still companies increasing their profits, just not always where you expect to find them.

In an environment of low economic growth and subdued levels of consumer confidence, as we are currently witnessing in the UK, the task of growing profits for many businesses becomes increasingly challenging. The recent profit warning from Tesco is a good example. In our view, it indicates the high level of competition in the food retail sector. Whilst many would consider this sector to be fairly defensive in nature given that demand for food does not fluctuate materially, competition is fierce and retailers have to work hard to win their share of consumer spending through a range of prom...