UK banks continue to be the focus of investment activities dominating both the buy and sell charts of one broker, it has been revealed.
Angus Rigby, chief executive officer of TD Waterhouse, explained that although banks have been posting poor results and share prices continue to fall, they are still attracting investment .
He said: " Royal Bank of Scotland occupies the top-spot on both the buys and sells charts this week, following last week's reporting of £691m pre-tax losses for the first half of 2008."
Meanwhile, other investments have been aimed at profiting from merger and acquisition activity in the mining sector, Mr Rigby added.
House builders have also given people food for through with potential changes to stamp duty being considered by the government, he stated.
Earlier this week, Nick Raynor, investment advisor at the Share Centre, suggested that the UK banking sector should provide good long-term returns for those who still have investments in them.
UK banks the focus of investment activity, expert states
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UK banks the focus of investment activity, expert states
Fri, 15 Aug 2008
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