M&G's Dobell: The stocks I wish I had never owned


Tom Dobell, manager of M&G's £8bn Recovery fund, has revealed two stocks he wishes he had never added to the portfolio.

The top performing manager, who has endured a tough six months but remains one of the standout performers long term, said two stocks which let him down badly last year were a telecoms firm and a tech stock. Dobell said: "Not all investments reach their desired outcome, and we completed the sale of Cable & Wireless Worldwide and AEA Technology, two stocks we wish we had never owned," he said. AEA Technology, the green consultancy group, saw its share price fall from 2.625p six months ago to a low of 0.18p. It briefly recovered to 0.75p, but has since slumped back to 0.28p following a ...

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