Trustnet Magazine 62 May 2020 | Page 4

Cover story 6 / 7 Bailout or bust? Investors will have to be more selective as many important sectors of the UK economy are already taking a battering from lockdowns and social distancing measures. Numerous retailers and consumer discretionary businesses will be in “sink or swim” territory as they attempt to adapt to changing customer needs. The slow death of the high street began long ago, but coronavirus has hastened its demise. Retailer Next, considered one of the betterquality companies in the space, has Investors will have to be more selective as many important sectors of the UK economy are already taking a battering from lockdowns and social distancing measures cancelled its dividend and share buyback programme as it reported a 40 per cent slump in sales. This is a trend likely to be echoed across the marketplace. There will be trying PERFORMANCE OF INDEX IN 2020 Bloomberg WTI Crude Oil Sub (-67.19%) 10% 0% -10% -20% -30% -40% -50% -60% -70% -80% Jan20 Feb Mar Apr May Source: FE Analytics TRUSTNET