Santander's Moore dips toes in cyclicals and banks

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Richard Moore is remaining cautious on UK equities although he believes opportunities are emerging wi...

Richard Moore is remaining cautious on UK equities although he believes opportunities are emerging within the cyclicals space. The manager of Santander’s £1.2bn UK Growth said inflationary pressures will continue to squeeze consumer expenditure and increase company input costs. “However, the sell-off in the market has left many cyclical stocks on attractive valuations that may be over-discounting the potential impact that the slowdown will have on profitability,” he said. Moore has also been eyeing-up the banking sector and now has an overweight there. “Valuations were relatively low...

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