Quarter of FTSE 350 to cut dividends - Brown Shipley

As a result, the group is recommending a list of 12 core stocks for UK investors. The private bank is said as equities now need to be selected based on probability of paying dividends, it suggests overweighting oils and utilities. The list includes giant firms BG, BP, RD Shell and energy providers such as National Grid and Scottish and Southern. Brown Shipley chief investment officer said: “It is becoming clear that oil will now replace banks as the most sought after sector for income managers, and this is reflected in the recent out-performance of both oil majors.” He added as a rare...