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Why it's time to power up your portfolio
Utility shares are at a ten year low, so now's the time to put some power into your portfolio, according to Saxo Bank's Head of Equity Strategy, Peter Garnry. Power companies have struggled over the past few years not least because of Europe's economic decline. They've also been subject to costly new regulations which have put pressure on share prices. But Peter thinks things are about to turn, not least because it's believed the recession in the Eurozone is coming to an end.
The German utility, E.ON announced a net profit fall on Tuesday. However its results beat some analysts' expectations and it reiterated its full year guidance. Its peer, RWE reports on Wednesday and Peter has high expectations about its profitability and is very positive on these companies in the medium to long term.
01:29 minutes
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