It’s Time to Be Bullish on Britain
Peter Kinsella of Union Bancaire Privee makes the case for UK stocks – and Japan. And copper.
The pending election is a potential catalyst.
Photographer: Jason Alden/BloombergWelcome to Money Distilled. I’m John Stepek. It’s the Friday Roundup once again. Merryn Somerset Webb reviews the week’s news, discusses the latest Merryn Talks Money podcast and links to all the interesting subjects that came up in it this week. Over to Merryn…
You don’t have to look far for a depressing chart in the UK market these days. But the UK Deloitte CFO Survey has produced one of the most miserable yet. It shows that more chief financial officers consider their companies to be very undervalued than they did in the absolutely depths of the financial crisis. Back then, the percentage peaked at well under 20%. Now it’s just over 30%. An additional 50% think their business is “somewhat undervalued.”