Private Sector Can Plug Gap Left by Government ; Balance Sheets Show Companies Will Consider Investment and Hiring

Summary

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Each month Richard Farmiloe, investment manager at Brewin Dolphin's Hanley office, gives his expert opinion on the movers and shakers in The Sentinel Brewin Dolphin index, an indicator of the performance of the region's nine listed companies, compared to the wider London Stock Exchange OUR local Index fell in July, against the general UK market trend.

Dechra Pharmaceuticals, as the largest Index constituent, was responsible for the majority of this underperformance. Following several years of stellar results, the shares have now fallen 20 per cent this year over worries about a slowing pace of growth and the costs of its expansion in the U.S. market. Management remains confident about future prospects but, as always with share prices, it is a question of what expectations are built into the current share valuation.

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Extract

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Private Sector Can Plug Gap Left by Government ; Balance Sheets Show Companies Will Consider Investment and Hiring

St Modwen Properties and NWF reported results to the market during the month.

There was a welcome...

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