Private client stockbroker Charles Stanley has revealed the ten UK blue chips it says investors should back in 2013, ahead of expectations of a "groundhog year" during which defensive stocks will outperform.
Financials may have outshone defensives in 2012, particularly in the UK, but Charles Stanley's investment team is preparing for a 2013 which will offer little respite from global headwinds. It warns markets remain at risk of paralysis as high debt levels hamper policy action, and as such it has selected a range of UK companies it expects to thrive in a low growth, low inflation environment. Below are the ten FTSE 100 stocks Charles Stanley is backing to outperform peers in the UK's largest index. 1. ARM Holdings Current price: 792p Charles Stanley concedes ARM is undeniably e...
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