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    June 21, 2020
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PROMOTION collapse in corporate earnings asit does an sion in conidence Wralso emain behind the cure internationally in terma ol apening up our econemy and a demonstrating anirational reluctance to allew mont foor children to rearn esehool lavester should probably wait untilthene in greater clarity reganding Governmemt's policy and I hope that they will not be required owalt er. nderstandable that Tha Cvernment is cetios becue In the short erm. our veciferous A Vote of No Contidence So far this year, the pound has make up a langer segment of the UK wakened by over against beth the US dellar and the r media would not lorgive i if allowed the Cove- death rate te risegainigificanly. owe, the Giovernme should also considerthe woeld not be forgiven in the long term iL thregh indecision, cesed the UKeconomy no uer a long-term in recent decedesithan in the shops, resturanand cales that rconomy. The curre confeon Ordinariy, it would be espected that the weaknes of sterling would benet he earnings ofthe UKlargest companies. This is regarding the laety longrvity of out contracian appeoach te the degree of taman separation is not helping Most ocher countries because over three quarters of have preseribed a Im separation the revemue of the constituent whereas we have been stiking doggedy te m until very recently. Furthermoen, the current waker pound mean an lacnease International tevel restrictiens are in the verting value of ch also perplexing The UK holds itself out a botha hub for international businend the rout in UK share prices goto destination for sorists impairment that negatively affected the nation's peonperity. Dmon Lews wting on behat of Paroge Mur & Waen PMW Chartered Financial Panen tosed in Esher companies of the FISE 100 hare indes i derived oveean earaings. Howeve, this eflect has oot heen ufficient ecome Poor Relation uhechan ustraes, the One of the major nartatives of FTSE 100 share index in curcendly han soecialised in providng wnath The Company nanagenent sotons to private lents for over 50 years and w oted Wn Manager of the r Southen England et the City of over 1s kower thanthe do busines with the eut of the saP S00 (whichmacks the s00 world. to che ccumstances. it i largest companies in the US) Investors who have folowed a UK-centric approach to investment have been served poorly so far this year, Finencial markets are global in nature and the performance of the UK stock market has much to do with how overseas investors peroceive the UK. o credile o impose a day d the u S so (o largest London Wisatn Maragement Awarde quarantine equirement on vivitors companies in the Eunanane) are 2010. Simon is an nopndent from countries witha lower rate down by less than 15 and jut ancial avi chartered trancia under 1I respectively of infection for Cavi-1 Now planner and charered olow of the Chartered ttue for Securties and Ivestment The opinons ouined ofcially virun t, whardo New Zealanders think sbout our policy A Buying Opportunity pes some way toesplain You might be aking yourselt why the OECDhas peedicted chat whecher the much bigge tall in at IL.5%, the decline in the UK in this article are those of the witer se of the most eliable wasaconsequence of Bresit the scase of concera because of les contusing and apparently hapharand strategy for enabMing the economy wichdwwalagreemen was sally o emerge from the conavirus greed. Although this iur has lockdown. Such confusion has ubegumly been relegated by not been helpful for an economy and should not be construed an ndvidual adce. To fed out nore about tranoat advice and the valae of UK shanen relative to indications of a nation's UK uferedaprolonged period of ortuous uncertainty untila Inancial healthin previded by what is happening to the relaive vale of its eurreney. imaken sene teentne echcomparisens te GDP over the course of 200 will ohet equity markets presentsa be greater than any ocher major buying oppomunity. Our viewis country. By comparison, the Eareesne and US economies are abold meve becease the poer espected contract bysand peformance of the UK sck Lerpectively. nvestment octions plee contact Demon at Pertridge Mur& Warren La Parisge Mu& Warren L sthorised and gued ty the Financal Conduc Athority that ki early to make such ether headlines ncenainy wilcontie unanetrade particolarty vatnerable tothe and ifwe look specifically at the US greement is finalised. bopefully restrietions on human contact and movement ecessaryte con apandemie. The requirements imilar cultures and economies markes has as mch to de with and the urosone otewerhy elre the UK leavesthe single that he pound has depeeciated by markehe yearend. PMW over 20% againt boh the US datlar egarding social diatancing are easler and the eure over the lase fve years. Coronavirus Contusion More recently, che UK has been to achieve within facteries (which have become increasingly anomated Tel: 01372 471550 | mail@pmw.co.uk | www.pmw.co.uk Partridge Mur & Warren Lid. Aissela, 46 High Street. Esher. Sumey, KT10 SGY ge Ma Of coure, mech of that decline PROMOTION collapse in corporate earnings asit does an sion in conidence Wralso emain behind the cure internationally in terma ol apening up our econemy and a demonstrating anirational reluctance to allew mont foor children to rearn esehool lavester should probably wait untilthene in greater clarity reganding Governmemt's policy and I hope that they will not be required owalt er. nderstandable that Tha Cvernment is cetios becue In the short erm. our veciferous A Vote of No Contidence So far this year, the pound has make up a langer segment of the UK wakened by over against beth the US dellar and the r media would not lorgive i if allowed the Cove- death rate te risegainigificanly. owe, the Giovernme should also considerthe woeld not be forgiven in the long term iL thregh indecision, cesed the UKeconomy no uer a long-term in recent decedesithan in the shops, resturanand cales that rconomy. The curre confeon Ordinariy, it would be espected that the weaknes of sterling would benet he earnings ofthe UKlargest companies. This is regarding the laety longrvity of out contracian appeoach te the degree of taman separation is not helping Most ocher countries because over three quarters of have preseribed a Im separation the revemue of the constituent whereas we have been stiking doggedy te m until very recently. Furthermoen, the current waker pound mean an lacnease International tevel restrictiens are in the verting value of ch also perplexing The UK holds itself out a botha hub for international businend the rout in UK share prices goto destination for sorists impairment that negatively affected the nation's peonperity. Dmon Lews wting on behat of Paroge Mur & Waen PMW Chartered Financial Panen tosed in Esher companies of the FISE 100 hare indes i derived oveean earaings. Howeve, this eflect has oot heen ufficient ecome Poor Relation uhechan ustraes, the One of the major nartatives of FTSE 100 share index in curcendly han soecialised in providng wnath The Company nanagenent sotons to private lents for over 50 years and w oted Wn Manager of the r Southen England et the City of over 1s kower thanthe do busines with the eut of the saP S00 (whichmacks the s00 world. to che ccumstances. it i largest companies in the US) Investors who have folowed a UK-centric approach to investment have been served poorly so far this year, Finencial markets are global in nature and the performance of the UK stock market has much to do with how overseas investors peroceive the UK. o credile o impose a day d the u S so (o largest London Wisatn Maragement Awarde quarantine equirement on vivitors companies in the Eunanane) are 2010. Simon is an nopndent from countries witha lower rate down by less than 15 and jut ancial avi chartered trancia under 1I respectively of infection for Cavi-1 Now planner and charered olow of the Chartered ttue for Securties and Ivestment The opinons ouined ofcially virun t, whardo New Zealanders think sbout our policy A Buying Opportunity pes some way toesplain You might be aking yourselt why the OECDhas peedicted chat whecher the much bigge tall in at IL.5%, the decline in the UK in this article are those of the witer se of the most eliable wasaconsequence of Bresit the scase of concera because of les contusing and apparently hapharand strategy for enabMing the economy wichdwwalagreemen was sally o emerge from the conavirus greed. Although this iur has lockdown. Such confusion has ubegumly been relegated by not been helpful for an economy and should not be construed an ndvidual adce. To fed out nore about tranoat advice and the valae of UK shanen relative to indications of a nation's UK uferedaprolonged period of ortuous uncertainty untila Inancial healthin previded by what is happening to the relaive vale of its eurreney. imaken sene teentne echcomparisens te GDP over the course of 200 will ohet equity markets presentsa be greater than any ocher major buying oppomunity. Our viewis country. By comparison, the Eareesne and US economies are abold meve becease the poer espected contract bysand peformance of the UK sck Lerpectively. nvestment octions plee contact Demon at Pertridge Mur& Warren La Parisge Mu& Warren L sthorised and gued ty the Financal Conduc Athority that ki early to make such ether headlines ncenainy wilcontie unanetrade particolarty vatnerable tothe and ifwe look specifically at the US greement is finalised. bopefully restrietions on human contact and movement ecessaryte con apandemie. The requirements imilar cultures and economies markes has as mch to de with and the urosone otewerhy elre the UK leavesthe single that he pound has depeeciated by markehe yearend. PMW over 20% againt boh the US datlar egarding social diatancing are easler and the eure over the lase fve years. Coronavirus Contusion More recently, che UK has been to achieve within facteries (which have become increasingly anomated Tel: 01372 471550 | mail@pmw.co.uk | www.pmw.co.uk Partridge Mur & Warren Lid. Aissela, 46 High Street. Esher. Sumey, KT10 SGY ge Ma Of coure, mech of that decline