Financial market volatility is worsening as tensions around Ukraine have intensified. Right now I’m thinking of how Warren Buffett could be viewing events and adapting his investment strategy. A stock market crash isn’t here just yet but one could be just around the corner.

The FTSE 100 has dropped to one-month lows following Vladimir Putin’s vow to send Russian troops into Ukraine. Meanwhile the VIX (or so-called fear index) has jumped 7% on Tuesday morning to its highest since late January.

It’s clear that market confidence is eroding rapidly. But as a UK share investor myself I don’t plan on running for the hills. If stock markets crash, I’ll do what I think Warren Buffett would do and go on the offensive.

Is a stock market crash coming?

This isn’t because I have a mountain of cash that I can afford to lose. It’s also not because I’m a blind optimist. The Ukraine crisis — as well as being a human tragedy — could have significant and wide-ranging effects on the macroeconomic and geopolitical landscape and, by extension, on me as a UK share investor.

The crisis in Eastern Europe isn’t the only threat to share prices either. Other possible causes of a stock market crash include:

• Strong and sustained inflation. Prices are rising at their fastest rate for decades in many parts of the world. This is threatening to derail consumer spending levels.
• Sharp interest rate increases. Central banks are hiking interest rates rapidly to soothe these inflationary pressures. But this is causing borrowing costs to rise in another blow to the global economy. It also threatens share prices by making other investments like bonds more attractive.
• China’s rapidly-cooling economy. Chinese GDP is growing extremely slowly on account of weak domestic consumption. The country’s wobbling real estate sector could prompt a full-on economic crash too.
• A resurgence in Covid-19 cases. The pandemic is steadily easing in most regions, but the emergence of a fresh variant could cause a spike at any moment.

Thinking like Warren Buffett

Of course one or all of these dangers could have an impact on the UK shares I choose to buy. But as someone who invests with a long-term view, they’re not scuppering my plan to continue growing my stocks portfolio. History shows us that — even taking into account periods of extreme market volatility like this — shareholders tend to make an average annual return of 8% each year over a decade or more. 

At times like these, I’m reminded of Warren Buffett’s comment that “in the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.”

It’ll take more than a little market volatility to dent my investment appetite. In fact I plan to get very active buying if another stock market crash occurs. By following Warren Buffett’s famous mantra to “be fearful when others are greedy, and greedy when others are fearful,” I might be able to pick up some brilliant shares at dirt-cheap prices.

Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

As a long-term investor, I am always on the lookout for quality shares I can tuck into my portfolio and hold for a decade. I am eyeing one UK share to buy now and add to my existing holding. And I can imagine holding it for 10 years or more.

Long-term outlook

The company in question is British American Tobacco (LSE: BATS). The London-based tobacco giant owns brands including Pall Mall and Rothmans. But most people know that cigarette buying is in long-term decline. So, why do I see British American as a company to own for a decade?

There are two reasons. The main one is the durable economics of the tobacco business. As it has a portfolio of premium brands, it has what is known as pricing power. That means that it can offset declining volumes by putting up prices. In fact, last year it actually saw cigarette revenues rising by 4%. Although volumes continue to shrink in many markets, some are still growing – and the company has that pricing power. This means it can probably milk the cash cow of cigarettes for a considerable period of time to come.

New revenue streams

Even though cigarette use is in decline, it is a long-term decline. I reckon the industry could continue for decades. Meanwhile, it may continue to be hugely profitable. British American Tobacco has raised its dividend each year for over two decades and currently yields 6.4%. That does not mean that it will keep raising its dividend or even paying one at all. But for now, I think even a declining cigarette market is set to continue being very profitable for the company.

The second reason I see for buying and holding this stock is that it has charted a path to reduce its reliance on cigarettes. The company has focused heavily in the past few years on developing next-generation products, such as so-called modern oral and vaping ranges. So far this has been costly, as the company has invested in building new brands and distribution channels. But hopefully over time, the initial costs will fall and this business can be profitable. The company forecasts that its next-gen portfolio will become profitable in 2025.

British American Tobacco has lots of experience in building tobacco brands, managing supply chains and turning sales into profits. I think the next-gen portfolio, which saw sales grow 42% last year to hit £2bn, could be a strong source of profits for the company a decade from now.

A UK share to buy now

British American is a highly profitable company and those profits support a generous dividend. Demand for its key product is declining. But the company is managing that decline carefully and cigarettes could remain a significant source of profits for decades to come. Meanwhile, it is fast developing a business drawing on its proven strengths that has the potential to provide sizeable new revenue and profit streams.

I hold it in my portfolio and would consider buying more now to hold for the coming decade.

Christopher Ruane owns shares in British American Tobacco. The Motley Fool UK has recommended British American Tobacco. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Growing geopolitical and economic uncertainty is increasing the chances of a stock market crash. 

If there is one thing the market hates more than anything else, it is uncertainty.

The situation in Ukraine has only added to the unsteady outlook for the global economy. Investors have had to deal with growing instability across the global economy since the beginning of 2020. 

Risks of a stock market crash

There are now plenty of reasons for investors to dump their stocks and move out of the market. The cost of living crisis, rising interest rates, geopolitical uncertainty, trade wars and the supply chain crisis are all threatening asset values. Against this backdrop, I think the chances of a stock market crash are growing. 

Unfortunately, there is no set guide investors can use to try and navigate a market crash. There are plenty of different scenarios that could play out over the next couple of months. It is impossible to predict which will play out and the industries that will struggle.

For example, 12 months ago, many investors and analysts were saying that the death of the oil industry was only just around the corner. Instead, the industry has outperformed the market over the past couple of months. Loftier oil prices have helped companies generate record profits.

At the same time, many high-flying tech stocks have fallen from grace as they have failed to meet their own ambitious growth targets. 

With this being the case, rather than trying to predict the next stock market crash, which is all but impossible, I have been buying companies I believe will be able to weather the storm. 

High-quality stocks 

I think it is unlikely any of the economic and geopolitical factors outlined above will significantly impact the demand for Games Workshop‘s miniature figurines. Neither do I believe it is likely that the demand for technology services from Computacenter will decline if there is a full-scale war in Ukraine.

The world is only becoming more and more reliant on technology, suggesting the demand for Computacenter’s services will only expand. The need may actually increase if firms try to offset rising prices with more tech. 

Companies like these are well-positioned to navigate the global economy’s growing challenges. Still, they are certainly not immune to growing headwinds. Both firms could have to deal with rising prices and supply chain disruption themselves. Therefore, I will not take their growth for granted, although I would buy both for my portfolio. 

All in all, while I think the chances of a stock market crash are growing as uncertainty builds, I am not going to let this influence my investment decision-making. I plan to keep investing in high-quality companies with the potential for growth over the next decade, and beyond. 

Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has recommended Games Workshop. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

A year ago, Argo Blockchain (LSE: ARB) was riding high. February 2021 saw the shares hit their all-time high price. Since then, the Argo Blockchain share price has crumbled. The shares are down over 75% in just 12 months.

What happened? Is the crash a buying opportunity for my portfolio?

Argo and profitability concerns

Some of the fall is due to factors outside Argo’s control – but not all of it.

The part that is relates to the price of cryptocurrencies. Argo mines crypto such as Bitcoin. It also holds a stock of crypto it has mined – at the end of January, the company owned 2,748 Bitcoin and equivalents. At the moment, that has a market value of around £75m. As crypto pricing moves up and down, it can have an impact on the Argo Blockchain share price.

But even after the share price collapse, Argo’s market capitalisation of £299m is around four times the value of its crypto holdings. That reflects the value investors are placing on other parts of its business, such as its mining expertise, asset base, data centre leasing business and expansion strategy. These are things that Argo can at least partially control, unlike crypto pricing. The share price fall partly reflect concerns about the company’s costly expansion plans, especially a big new facility it is building in Texas.

A bull case for Argo

Increasing restrictions in various countries mean the number of places in which crypto miners can operate is being reduced. If Argo is able to navigate these changes smoothly with its North American focus, that could strengthen its competitive advantage.

The company does not just stockpile crypto it mines – it has been selling some from time to time. That cashflow means that over time, Argo’s share price may be less affected by swings in crypto pricing. The company’s data centre business has value regardless of what happens to crypto pricing, in my view. Data centre demand keeps growing strongly in many markets and Argo has been building a portfolio of properties that could help it benefit from this.

Risks to the Argo Blockchain share price

Although I see reasons to be bullish, clearly there are significant risks to the Argo share price. Crypto pricing is volatile and unpredictable. It could end up going to zero. Due to its mining activity, any fall in crypto pricing can hurt the Argo share price.

The Texan expansion plan is another risk to the company’s future profitability. It is building and kitting out a huge data centre from scratch. Although the final costs depend on what equipment the company decides to install, the expansion is set to be very costly. Argo already issued expensive debt partly to help fund this expansion. The buildout could further harm profitability in coming years. Then again, the extra capacity the centre will give Argo could turn out to be very profitable.

My next move

Despite the share price fall, I continue to have confidence in Argo’s strategy and its management.

For now, I am holding my shares and keeping an eye on how the Texan buildout progresses. But with political risks to crypto growing almost weekly, I do not plan to add any more shares to my position for now.

The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of investment advice. Bitcoin and other cryptocurrencies are highly speculative and volatile assets, which carry several risks, including the total loss of any monies invested. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.

With many banks reporting their annual results this month, I have been considering the role of banks in my portfolio. I have been thinking about adding more UK bank shares to it – here is how I would go about selecting them.

Domestic strength

Lloyds and NatWest both offer me strong exposure to the UK business and retail banking market. I see that as their strength, but also weakness. It can be a lucrative market – NatWest recently reported a full-year profit of almost £3bn. But both banks’ reliance on the UK market can mean that their businesses suffer badly if the UK economy falters. For example, as the country’s leading mortgage lender, Lloyds can do well when the housing market performs strongly but any increase in default rates could also hurt its profitability.

Barclays has a strong UK retail banking operation too, but in addition it has a sizeable investment bank with global operations. So Barclays reduces the risk of overconcentration in a single market. But it does it by operating in investment banking, an area notorious for dramatic swings in profitability. That adds some volatility to Barclays when it comes to consistency of results, but I also think it adds the prospect of strong profits when its investment banking division performs well. In its half-year results, for example, the bank reported £11.3bn of income. £6.6bn of that came from the international corporate and investment banking operation.

Overseas focus

Barclays has an international operation but also a big UK one. Competitor HSBC has a UK retail banking set-up too, but its main focus is Asia. Rival Standard Chartered, although based in the UK, is even more focussed on developing markets especially in Asia and Africa.

I think both of these banks can offer me exposure to the strong growth prospects in emerging economies. That could help make them profitable both now and in the future. But emerging markets also carry large risks, including complex political risks. That is reflected in the annual results HSBC released today, in which the company pointed to the risks of uncertainty in the Chinese real estate sector.

Smaller bank shares

I could also consider a smaller listed bank, such as Metro Bank with its £161m market capitalisation.

There are strong growth opportunities for small banks, but banking can be an expensive business that requires deep pockets. A small market position is a risk to banks like Metro as they have fewer customers to absorb their cost base. Metro’s shares have fallen 36% over the past year. The risk profile of small banks does not match my own risk tolerance, so I will not buy them.

In-store banks

Another way I could get exposure to UK banking in my portfolio is buying shares in a supermarket that also has a banking operation, such as Tesco or Sainsbury. With other sources of income often dwarfing their banking profits, I would face less direct risk here from swings in banking profitability than if I invested in a focused bank.

Then again, if I want to expose myself to banking, investing in supermarkets seems like a roundabout way to do it. I could reduce my risk in other ways, such as doing detailed research on banks to find the best ones for my own investment objectives.

Christopher Ruane owns shares in Lloyds Banking Group and Standard Chartered. The Motley Fool UK has recommended Barclays, HSBC Holdings, Lloyds Banking Group, Standard Chartered, and Tesco. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Successful investing is as much about avoiding duds or taking on too much risk as it is picking winners. It’s why Warren Buffett and his business partner Charlie Munger are two of the wealthiest individuals on the planet.

As the latter once remarked: “It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.“

Today, I’m going to focus on two UK growth stocks that, thanks to the ‘Sage of Omaha’ and his colleague’s advice, I thankfully never fancied and still don’t. 

70% down!

I was sceptical about global review platform Trustpilot (LSE: TRST) when I first looked at it last September. At the time, the share price had soared 70% or so since its IPO earlier in the year.

Despite such impressive gains, I just couldn’t shake the feeling that it lacked an ‘economic moat‘. This is a term coined by Buffett to describe a business with sufficient competitive advantages to consistently fight off rivals. Might it be possible to copy what Trustpilot has done with sufficient capital and eventually steal its crown? I believe it is. 

But this wasn’t the only red flag for me. As well as being concerned about the potential for Trustpilot’s review system to be abused by bad actors, I was wary that the company was not making a penny in profit. 

Since then, the shares in this growth stock have tumbled almost 70%!  

Trustpilot isn’t without promise. Back in January, the company announced it expected FY21 annual recurring revenue to hit $144m. That’s a sizeable jump from the $119m achieved in the previous year. Based on this, investors might suggest the stock is a potentially lucrative contrarian pick.

With the rotation into value showing no sign of abating just yet, however, the outlook for the share price looks pretty bleak. Like Warren Buffett, I’d prefer to stick to proven quality stocks rather than take on the additional risk here.  

Another struggling growth stock

A second company I’m steering clear of is furnishings and homewares retailer Made.com (LSE: MADE). Just the fact that I’ve never looked at this growth stock until now speaks volumes.

While investors in Trustpilot enjoyed early gains, anyone backing this other relatively new stock will only have seen their stake sink in value. From a 52-week high of 214p, Made.com’s shares are now languishing at 73p a pop.

Again, the lack of economic moat strikes again. With so much competition, is there anything that will compel me to only shop with Made? Not at all. Contrast this with Buffett’s huge holding in Coca-Cola. The owns so much of the beverage titan because he knows a lot of people refuse to drink any other brand. This advantage arguably makes it far less risky. 

On top of this, the rise in the cost of living can’t be good for business. The boom in home improvement we’ve seen since the pandemic arguably peaked long ago too. Yesterday’s news that CEO Philippe Chainieux is stepping down is another unfortunate development.

With a market-cap now below £300m, perhaps the fall has been overdone. The website certainly looks slick and Made appears savvy when it comes to social media. For me however, this mostly presents as another unprofitable story stock that was opportunistically listed. 

Paul Summers has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

The Hargreaves Lansdown (LSE: HL) share price slumped by over 20% in early deals this morning after the company published figures for the six months ended 31 December 2021.

On a headline basis, the numbers were pretty disappointing. Profit before tax fell 20% year-on-year to £151m. Revenue fell 3% overall, and the total volume of net new business declined 28% compared to the prior period. 

However, total assets under administration increased 17% to £141bn. The company also outlined plans to spend £175m over the next five years to build a presence in the wealth management market.

Management also anticipates overall group costs to increase by a double-digit percentage in 2022 before falling back to less than 10% per annum over the next couple of years. 

Hargreaves Lansdown share price slump

Clearly, these numbers have spooked the market. Hargreaves Lansdown’s profits are under pressure. With costs set to increase dramatically over the next couple of years, this weight on the company’s bottom line will persist. 

Still, I think these numbers need to be viewed with a long-term lens.

The second half of 2020 was a bumper year for the company. Therefore, the numbers for the second half of 2021 were always going to look bad by comparison. This explains some of the decline in profitability. 

The good news is, it seems as if the investors who moved to the business over the past 24 months have stayed. With total assets under administration up 17% year-on-year, these new investors seem to believe Hargreaves Lansdown provides an excellent service. Unfortunately, it looks as if these new investors are not trading as much. 

What’s more, while the market might be disappointed by the firm’s decision to spend £175m expanding into wealth management, this could be a huge opportunity. The wealth management business in the UK is massive, and it is expanding. Many services offered charge high fees, but investors lack the choice to go elsewhere. Hargreaves Lansdown has the potential to shake up the sector, just as it did with the online stockbroking market. 

That said, this move into the wealth management market could end up being a costly mistake. The market is competitive, and acquiring customers will be expensive. If competitors lower costs to try and push the business out, it could start a vicious price war. In this case, the firm may have to invest more for longer. 

Attractive valuation 

Despite this risk, I think the firm is making the right decision in the long run. As such, I believe today’s decline in the Hargreaves Lansdown share price presents an opportunity. 

Indeed, after this morning’s slump, the stock has fallen to a forward price-to-earnings (P/E) multiple of 24, below the five-year average of 30. The stock also offers a dividend yield of 3.3%, at the time of writing. 

I think the Hargreaves Lansdown share price is deeply undervalued based on these metrics. That is why I would buy the stock for my portfolio today. 

Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has recommended Hargreaves Lansdown. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

While many investors are piling into value stocks right now, I don’t think growth stocks should be ignored. Companies that are growing faster than average tend to be rewarded by the market, meaning that they can potentially deliver powerful gains for investors over time.

Here, I’m going to highlight two UK growth stocks that have substantial share price upside right now, according to City analysts. I own both of these stocks, and I’d be comfortable buying more shares in each at current levels.

Significant share price upside

Let’s start with online fast-fashion retailer Boohoo (LSE: BOO), which owns a number of popular brands including Boohoo, PrettyLittleThing, and Debenhams.

It currently trades at around 89p. However, analysts at Deutsche Bank have a 12-month price target of 230p. If Deutsche’s analysts are right, a £1,000 investment in BOO could grow to around £2,585 (ignoring trading commissions).

Like many other e-commerce retailers, Boohoo has experienced recent challenges. Costs have risen and supply chain issues have meant that the company has been unable to get goods to customers. As a result, the group has had to downgrade its growth forecasts. It now expects growth of 12-14% for the year ending 28 February 2022.

I’m convinced that the group has what it takes to bounce back however. Brand power remains strong. This is illustrated by the fact that on Instagram, Boohoo and PrettyLittleThing have 11m and 17.6m followers respectively. That compares to figures of 6.7m and 12.5m in September 2020.

Meanwhile, the group recently started production at its own factory in Leicester. This should help ease supply chain issues, and also help fix some of the ESG issues the company is facing.

I’ll point out that not all brokers are so bullish on Boohoo. Analysts at Barclays, for example, have an ‘underweight’ rating on the stock and a price target of 85p. They believe things could get worse before they get better.

I’m in Deutsche’s camp here however. With the stock currently trading on a forward-looking P/E ratio of less than 15 after a big fall over the last year, I see considerable share price upside here.

Growth star

Another UK stock that has plenty of upside, also according to the City, is GB Group (LSE: GBG). It’s a leading provider of identity management and fraud prevention solutions that counts the likes of HSBC and Betfair among its customers.

Its share price is currently around 581p. However, analysts at Barclays have a price target of 1,000p. That means that £1,000 invested could grow to about £1,720, if Barclays’ analysts are right (there’s no guarantee, of course).

GB Group has a great track record when it comes to growth. Over the last five financial years, revenue has climbed from £73m to £218m. I think the top line is likely to climb much higher in the years ahead, however. That’s because the company is well-placed to benefit from the growth of e-commerce, as well as the rising risk of digital fraud. For the year ending 31 March 2023, analysts expect revenue of £291m.

GB’s valuation does add risk to the investment case. At present, the forward-looking P/E ratio is about 27. If future growth is below investors’ expectations, the stock could underperform.

Overall however, I think the risk/reward here is attractive. With it down considerably over the last six months, I think it’s a good time to be buying.

Edward Sheldon owns shares in GB Group and boohoo group. The Motley Fool UK has recommended Barclays, HSBC Holdings, and boohoo group. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

BP (LSE: BP) was one of the FTSE 100‘s worst performers in the stock market crash. The company chose the moment to announce its new Net Zero strategy, which didn’t help. But with economies slowing sharply, the price of a barrel of oil plunged to around $20. And the BP share price tumbled too.

Oil is now above $90, its highest in nearly eight years. And BP shares are bouncing back. After a 43% gain over the past 12 months, they are now down a relatively modest 12% since January 2020, just prior to the crash. Considering it had lost nearly 60% of its value by October 2020, that’s an impressive recovery.

Are we on for sustainable strength now, and should I buy? I’ll take a look at the pros and the cons.

Buying a strong share on the dips can be a good strategy, and those who bought BP during the crisis have done well. But I would only buy if I planned to hold for a decade, or more. And there’s one thing that troubles me on that front now. The dividend. The company rebased it in 2020, and has remained low for 2021.

A reimagining

When BP announced its Net Zero strategy in February 2020, it said the firm’s new purpose was “reimagining energy for people and our planet“. When companies start reimagining things, I start reimagining my potential profits, and not in a good way.

But BP has still had cash to return to shareholders, and has been repurchasing its own shares. That will surely have assisted the BP share price recovery. And it should help the future dividend per share figure.

Results for 2021 brought some optimism too. The company said it “expects to be able to deliver share buybacks of around $4.0 billion per annum and have capacity for an annual increase in the dividend per ordinary share of around 4% through 2025“.

Dividends still coming

And even the reduced 2021 dividend still provided a 4.1% yield on the current share price. Despite the pressure on fossil fuels, BP is still putting the cash into shareholders’ pockets. With the share price still only partly recovered, and with the possibility of a decade of progressive dividends ahead, I really do think BP could turn out to be among the best FTSE 100 shares for me to buy right now.

But then there’s the fossil fuel crisis. And we’re not just talking about solar energy and wind farms. The UK-based JET laboratory recently managed to get its nuclear fusion test generator running for a full five seconds, producing 59 megajoules of energy.

Sure, that’s only enough to boil about 60 kettles of water. But I wonder what happened to the stagecoach builders who, in 1903,  said “pah, those Wright brothers only flew 850 feet.” Nuclear fusions works, and it produces zero carbon dioxide. Of course, it might be BP that builds the commercial fusion generators.

BP share price volatility?

There could be decades of hydrocarbon profits to be made yet. Still, the BP share price does closely follow oil. If the past decade is anything to go by, the next decade could be very volatile. And I really can’t guess how BP will look at the end of another 10 years.

That uncertainty will keep me away. I suspect though, that I could come to look back on another decade of dividends with a little regret.

Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

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