However, Breedon still looks cheap. The supplier of cement, asphalt and aggregates trades at 11.5 times its forward earnings, well below its ten-year average of 16 times and its five-year average of ...
The overhaul, announced in July by the Financial Conduct Authority, Britain’s financial watchdog, brings the rules in line with New York’s, but will take time to bear fruit. Mr Fine would like to see ...