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Dividends paid by UK plc are not only higher than before the pandemic, but, most importantly, they are more robust, according to Clive Beagles, one of Britain’s best-known income fund managers. This will be useful if, or when, Britain falls into recession, he said.
His £1.8bn JOHCM UK Equity Income Fund is currently yielding 5.4 pc, a level not seen since the financial crisis of 2008. think it will be as hard as 2008′, added Mr Beagles up.
Nevertheless, it was a challenging 12 months for the fund, which favors “value” stocks – which the manager believes share prices are cheaper than the company’s NAV. The fund has 4.6 pc. lost, against a smaller loss of 1.8 pc. from rivals.
Mr Beagles tells Telegraph Money why Tesco might struggle to pass on the full price increases from here, and why he bought the unloved electronics retailer Currys.
How do you invest?
We are very focused on how much value the stocks offer and focus on stocks with a higher than average dividend yield. We hope to deliver a healthy, growing dividend flow as well as some capital appreciation from a diversified group of UK equities.
‘Tesco will struggle to raise food prices – so we’re sold out’ – Europe Times News
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