Article taken from: finance.yahoo.com
Bloomberg) — Housebuilders and pub companies are among stocks to watch when U.K. Chancellor of the Exchequer Rishi Sunak makes his budget announcement on Wednesday, a speech that is set to throw light on the gaping hole in the country’s finances wrought by the pandemic. Bumping the tax on companies up 6 percentage points to 25% to bring it into line with other countries could spark a fall in U.K. stocks and shave up to 4% off the blue-chip FTSE 100 index’s market capitalization, the bank has forecast. […] Along with Wetherspoon, keep an eye on pub peers Mitchells & Butlers Plc and Marston’s Plc, as well as Wagamama-owner Restaurant Group Plc. […] Retailers such as Marks & Spencer Group Plc and JD Sports Fashion Plc should be watched too, though the outlook for those stocks is more likely to be impacted by reopening progress. […] Investors might keep an eye on construction stocks such as builders Balfour Beatty Plc and Kier Group Plc, and Irish materials supplier CRH Plc.
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