Mark Costar, co-manager of the £388m UK Growth fund at JO Hambro Capital Management (JOHCM), has said the UK consumer staples sector will be next in the "firing line" following a string of profit warnings.
Speaking at the Morningstar Investment Conference, Costar warned the consumer goods sector was the "poster child of value destructive M&A activity" while it persistently underinvested in key areas such...
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