Fidelity's Clark: UK dividends will increase by 10% in 2017

Michael Clark, manager of the £1.1bn Fidelity MoneyBuilder Dividend fund, is forecasting UK dividends will increase by 10% in 2017.

Clark (pictured) highlighted healthcare and consumer stocks with international exposure as areas where he expects increased payouts, despite the UK economic outlook remaining uncertain. Fidelity chairman Ned Johnson passes role to daughter Abigail He said: "The UK economic outlook remains uncertain and it will be some time before clarity emerges on the implications of Brexit and the new relationship with the EU. The re-emergence of inflation could also hurt the economy, with consumer spending the largest part of GDP. "Sterling will probably remain low relative to the levels of 2014...