Suddenly, the UK’s economic mood is brighter – cheerful, even. Following what one analyst called a ‘resounding rebound’ in first-quarter output, global banks have raised their projections for the outlook.
Such is the growing optimism surrounding the UK markets that investment professionals are bargain-hunting in the domestically focused FTSE 250.
This index is full of British businesses ‘trading at material discounts to their global peers’, as Simon Doherty, head of managed portfolio services at Quilter Cheviot, puts it.
The view that some of these companies may be ripe for takeover is gaining currency – thanks to the £34billion bid battle for mining giant Anglo American.
This appears to have highlighted the value of much cheaper, smaller businesses – without political baggage.
Flying the flag: The FTSE 250 is full of British businesses ‘trading at material discounts to their global peers’
There are many of these…
