Counting the cost of growth.
Investors Chronicle - magazine and web content, June, 2009
Byline: Algy Hall
THE BIG MOVERS: Improving economic conditions could bring a raft of new challenges for UK companies, especially those heavily exposed to energy costs and forex
We're out of the woods. We're over the worst. There's light at the end of the tunnel. That's the gist of the recent economic commentary from, variously, the National Institute of Economic and Social Research (NIESR) and the Confederation of British Industry. But could this mean it is, ironically, time for investors to get ready for a new set of economic bogey men? Recent rises in the oil price, sterling and bond yields suggest that it is.
That's because a weak currency, low energy costs and low borrowing costs (for those that could get credit) were some of the key...
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