Exane Makes Changes to U.K. High Conviction List
Says “U.K. domestics” have driven mkt, investors now need to employ alternative strategies for stock selection.
- Removes Smiths Group, BP, RSA, Pearson, Wood Group from High Conviction index
- Adds Ladbrokes (deep value opportunity), BSkyB (yld appeal), First Quantum Minerals (increasing Resources exposure), Royal Dutch Shell (yld & balance sheet), Land Securities (rental growth play), Colt (legacy capex appeal), British American Tobacco (yld appeal)