Our recent sector report (18th April) highlighted multiple headwinds facing the sector in H116: a subdued and recently downgraded global growth outlook; oil price volatility and a still-falling rig count; the potential for a hard landing in China; the Brexit vote and its implications for sterling. Nevertheless, we expect this to be a positive year for the UK sector, a view reinforced by recent commentary from all the stocks under our coverage. Our BUY ratings are Croda, Victrex and Zotefoams and ....
17 May 2016
Consumer and FX bright spots lifting the gloom
Victrex plc (VCT:LON), 1,256 | Zotefoams plc (ZTF:LON), 382 | Elementis plc (ELM:LON), 140 | Croda International Plc (CRDA:LON), 4,884
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Consumer and FX bright spots lifting the gloom
Victrex plc (VCT:LON), 1,256 | Zotefoams plc (ZTF:LON), 382 | Elementis plc (ELM:LON), 140 | Croda International Plc (CRDA:LON), 4,884
- Published:
17 May 2016 -
Author:
James Tetley -
Pages:
3
Our recent sector report (18th April) highlighted multiple headwinds facing the sector in H116: a subdued and recently downgraded global growth outlook; oil price volatility and a still-falling rig count; the potential for a hard landing in China; the Brexit vote and its implications for sterling. Nevertheless, we expect this to be a positive year for the UK sector, a view reinforced by recent commentary from all the stocks under our coverage. Our BUY ratings are Croda, Victrex and Zotefoams and ....