Could Brexit be a positive for the UK Industrials sector? While the EU and UK are important to each other in terms of trade, the level of that importance is asymmetric: 44% of UK exports go to the EU and a further 10% go to countries with free trade agreements with the EU; only 15% of EU exports go to the UK. As a result, we feel that UK bargaining power is relatively weak and we need to accept the possibility that the UK drops out of the single market and trades under WTO terms with Eu
18 Jul 2016
Machinations
Alumasc Group plc (ALU:LON), 172 | Avingtrans plc (AVG:LON), 390 | Gooch & Housego PLC (GHH:LON), 546 | M.P. Evans Group PLC (MPE:LON), 841 | Renold plc (RNO:LON), 45.0 | Robinson plc (RBN:LON), 100 | Somero Enterprises, Inc. (SOM:LON), 335 | Surface Transforms PLC (SCE:LON), 3.4 | Trifast plc (TRI:LON), 76.1 | Zambeef Products PLC (ZAM:LON), 5.8 | Hardide plc (HDD:LON), 5.6 | Global Invacom Group Ltd. (QS9:SES), 0
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Machinations
Alumasc Group plc (ALU:LON), 172 | Avingtrans plc (AVG:LON), 390 | Gooch & Housego PLC (GHH:LON), 546 | M.P. Evans Group PLC (MPE:LON), 841 | Renold plc (RNO:LON), 45.0 | Robinson plc (RBN:LON), 100 | Somero Enterprises, Inc. (SOM:LON), 335 | Surface Transforms PLC (SCE:LON), 3.4 | Trifast plc (TRI:LON), 76.1 | Zambeef Products PLC (ZAM:LON), 5.8 | Hardide plc (HDD:LON), 5.6 | Global Invacom Group Ltd. (QS9:SES), 0
- Published:
18 Jul 2016 -
Author:
David Buxton | Mark Paddon | Cavendish Research -
Pages:
26
Could Brexit be a positive for the UK Industrials sector? While the EU and UK are important to each other in terms of trade, the level of that importance is asymmetric: 44% of UK exports go to the EU and a further 10% go to countries with free trade agreements with the EU; only 15% of EU exports go to the UK. As a result, we feel that UK bargaining power is relatively weak and we need to accept the possibility that the UK drops out of the single market and trades under WTO terms with Eu