UK equities: Footsie falling
Article Abstract:
The UK stock market could see falls in share prices in 1996, Lehman Brothers argues. The market appears to be overvalued and this can be seen by simply analysing dividend yields. Bid activity helped boost the market in 1995 with institutional investors involved in net sales and demand stronger from corporate investors. Expectations of more bid activity are included in prices and there may not be as high a level as expected. Food, drink and retailing should benefit if consumer spending rises and shares of companies in these sectors are relatively cheap.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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UK equities: stretched?
Article Abstract:
UK equities have performed well, and have been helped by a lack of surprisingly poor corporate results, and strong cash flows which have helped boost takeovers. Unit trust sales are strong at some 1 billion pounds sterling per month, helping to offset lower levels of interest from institutional investors. Some analysts hope for lower interest rates, and others hope for stronger economic growth to boost the market. There is likely to be a rise in interest rates following an election, whichever party is victorious.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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