As we await the results of today’s historic ‘Brexit’ referendum, I’d like to share with you a piece by Investing.com
“Recent analysis from Credit Suisse reports that components of the FTSE 250 earn, on average, about 50 percent of their revenue in the UK, leaving these companies much more exposed to domestic headwinds, as compared to the larger-cap FTSE 100,” Thibault wrote.
Goldman Sachs has highlighted 10 companies which they believe could be heavily damaged by Brexit; Nine, including Bovis Homes (LON:BVS), Persimmon (LON:PSN) and Intu Properties (LON:INTUP), operate in the Real Estate industry. The tenth, Travis Perkins (LON:TPK), is in the building supply and construction business. None of this is surprising, considering their domestic exposure. Therefore, while the FTSE 100 might be able to withstand Brexit, the hurdle could be much harder to overcome for FTSE 250 companies.”
We have also created the below comic that we would love for you to use within any commentary that you provide. Latest polls indicate the Remain EU camp will win, as depicted in the comic: