You are here: Home - Investing - Experienced Investor - News -

UK retail stocks remain in favour

Written by:
Nearly two thirds of Barclays Stockbrokers clients remain confident in the long-term prospects of the troubled UK retail sector, with nearly two fifths tipping Tesco for success.

While retailers have come under fire recently for controversial announcements and poor results, 48 per cent of Barclays Stockbrokers clients said they already held or had recently invested in retail stocks. A further 17 per cent said they were interested in investing.

Tesco, which has been making headlines in recent weeks for overstating its half-year profits by £250m, was the most favoured retailer. Some 38 per cent of respondents said that the troubled supermarket chain was their top choice, compared to 28 per cent who favoured Sainsbury’s and 20 per cent to Marks and Spencer. Morrisons was preferred by 16 per cent of investors.

Chris Stevenson, vice president at Barclays Stockbrokers, said: “While questions have been raised a about the longer term stability of these retail giants, these concerns do not seem to have impacted the appetite of traders. Our clients appear to remain confident in the investment opportunities the UK retail sector provides.”

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Govt consults on P2P lending through ISAs

The government is consulting on the best way to implement the inclusion of peer-to-peer loans within Individual Savings Accounts (ISAs).