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...
Partner Insight: In this environment, a well-resourced credit research team is essential and having traders to keep check on markets is very helpful too, according to Fidelity fixed income managers Sajiv Vaid, Peter Khan and Kris Atkinson
Impact of political turmoil and Brexit
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In recent weeks, investors have fixated on the inversion of several sovereign yield curves, most notably the US Treasury curve.
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