MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Witan Investment Trust NAV rises 15.1%, warns of global inflation risks

StockMarketWire.com

Witan Investment Trust said its net asset value grew by 15.1% in 2017, outperforming a 12.2% benchmark return.

Dividends for the full year were increased by 10.5% to 21.0p.

The company, however, warned that rising inflation could hurt corporate profits in 2018.

'2018 seems set to be another year of broadly-based, steady but not especially rapid, global economic growth,' the company said.

'Whilst this should be supportive of growth in profits, bond and equity markets may be vulnerable if currently benign inflation assumptions are disappointed. There are several potential risks.'

'The enactment of a significant programme of tax cuts in the US at the end of 2017 will potentially boost growth at a time when there is limited spare capacity in the US economy.'

'The success of oil producers in restraining output has pushed oil prices up which, unless the move is reversed, will increase energy costs for oil users.'

'Increased cost pressures may reduce corporate profits, given the widespread lack of pricing power as a result of globalisation and the disruptive effect of technological change. Central banks might react to higher than expected inflation with faster than expected rate rises.'





Story provided by StockMarketWire.com