London
PYRFORD International Ltd chief executive officer Tony Cousins says he's avoiding UK banking and retail stocks because the country's economy is set to weaken as consumer debt piles up.
That's a bigger problem than Brexit, says Mr Cousins, who is also chief investment officer of Pyrford, the European arm of BMO Global Asset Management.
"The UK has a lot of challenges. The one that most people talk about is Brexit, which I think is not insignificant, but it's a bit of a sideshow," he said in a...
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