Invesco Perpetual's Barnett warns UK equity re-rating 'unlikely to continue unchecked'

In the trust's half-year report released today, the manager (pictured) and deputy manager, James Goldstone, told shareholders there has already been evidence of these obstacles emerging at a time when valuations are looking full. They said: "It is noticeable how the rate of profit warnings across the market has increased in the past few weeks. In addition, the recent reversal of bond markets has put pressure on valuations in certain sectors. "It is highly unlikely the re-rating of UK equities will continue unchecked against a backdrop of higher valuations and ongoing pressure on corpo...