Economic data points to upturn in UK and Europe

Recent good economic data points to stronger than expected world economic growth and should mean dec...

Recent good economic data points to stronger than expected world economic growth and should mean decent stock market returns and good stockpicking opportunities in both Europe and the UK. Fredric Gautier, a portfolio manager at Fidelity Investments warned, though, that care must be taken when selecting companies, especially when looking at their accounts. 'Check the accounts of any company in which you are consider investing,' he said. 'In small companies, the effect is much more marked. 'Make sure you understand accounting. Look at cashflow statements and be aware of the cycle whe...