Darius McDermott explains why investors in the UK have the potential to get double whammy out of mid and smaller companies...
Investors in UK plc have been hit with a flurry of macro news in the last couple of weeks, and while we all know the economy is not the stock market, it's worth taking a second to look at what's happened. First, growth was 0.5% for June, beating consensus forecasts of 0.2%, as consumers proved more resilient than expected, despite rising interest rates, according to the Office for National Statistics (ONS). We're still in the slow lane though, with GDP up just 0.2% on the quarter, the sixth in a row at that level or less, again according to ONS stats. Then, data showed UK employment f...
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