UK economy is in a lot better shape, says fund manager

The U.K. has thus far avoided a widely anticipated recession, and the signs from the business world are that the economy may be holding up better than feared, according to veteran Schroders fund manager Andy Brough.

Figures published earlier this month showed that the U.K. GDP contracted by 0.5% in December, as the economy flatlined over the final quarter of 2022 to narrowly avoid a technical recession.

But Brough, head of the pan-European small and mid-cap team at British asset manager Schroders, said that his interactions with businesses suggested greater resilience than the weak GDP figures and official forecasts imply.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Fidelity Special Values

More articles like this

Fidelity Special Values

London equities start the week on a high note

London equities kicked off the week positively, buoyed by a rally in metal miners and defence stocks. Investors are now awaiting comments from the Bank of England for hints on the central bank’s interest rate trajectory.

Fidelity Special Values

London stocks rise on strong wage growth data

London stocks gained some ground on Tuesday led by advances in the personal goods sector amid labour market data that showed wages grew stronger-than-expected, though a basket of mixed corporate updates kept investor optimism in check.

Fidelity Special Values

FTSE 100 hits Record High on Glencore approach

Britain’s FTSE 100 hit a record high on Friday, boosted by Anglo-American after Reuters reported Glencore is exploring an approach for the miner, while Diageo advanced after naming a new chief financial officer. The blue-chip FTSE

Fidelity Special Values

FTSE 100 hits record high on positive corporate updates

Britain’s FTSE 100 extended its record rally on Monday, helped by a slew of positive corporate updates including a report that said mining giant BHP Group was considering a better buyout proposal for Anglo American. The

Fidelity Special Values

FTSE 100 hits record high on Anglo American buyout offer

Britain’s benchmark FTSE 100 stock index touched a record high on Thursday led by miner Anglo American on a buyout offer from BHP Group, while investors cheered earnings from several blue-chip firms including Unilever, AstraZeneca and

Fidelity Special Values

FTSE 100 rebounds led by commodity stocks

The FTSE 100 index, which lost 1.8% by last night’s close in its worst performance for nine months, put back 34.58 points to 7854.94. Commodity stocks drove the improvement, with gold miner Fresnillo the best performer

Fidelity Special Values

FTSE 100 hits 8,000 mark, nearing all-time high

The FTSE 100 breached the 8,000 mark this morning and briefly eclipsed its previous record closing price as it inched closer and closer to its all-time high. The capital’s premier index was up 0.69 per cent

Fidelity Special Values

FTSE 100 on track for positive March quarter end

UK’s FTSE 100 was set for a positive end to the March quarter and touched fresh highs on Thursday after a rally last week, bolstered broadly by miner and bank stocks on the last trading day

Fidelity International

What are good UK investments by Fidelity Special Values (LON:FSV)

In sharp contrast to the US markets which have recently hit new highs, UK equities remain generally unloved, despite improving relative performance. However, Alex Wright, portfolio manager of Fidelity Special Values PLC (LON:FSV), believes there are reasons to

Fidelity Special Values

London’s FTSE 100 inches up on oil boost

The UK’s FTSE 100 inched higher on Monday as energy stocks tracked crude prices higher, while investor caution ahead of domestic inflation data and major central bank decisions kept a lid on gains. Energy shares (.FTNMX601010),

Fidelity Special Values

London stocks edge up ahead of US inflation data

London stocks inched up on Monday’s close amid the upcoming release of February inflation data in the US and its potential implication for monetary policy in the world’s largest economy. The UK’s FTSE 100 index closed