Bankers and lawyers advise investors to flee the retail sector


Bankers and lawyers are advising investors to pull out of the retail, automotive, insurance, household and textiles and telecom sectors in the next three months, according to Grant Thornton's quarterly Recovery and Reorganisation Barometer of key business intermediaries. Pointing to health, aerospace and defence, pharmaceutical and oil and gas industries as the best sectors for investment, bankers and lawyers also highlighted a possible war against Iraq as a major danger for a wide range of sectors, particularly oil and gas, the leisure and the insurance industries.



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