In 2021, the UK economy will increase by 7.5 percent, the highest rate since World War II. This arose after the UK’s GDP shrank by 9.4% in 2020 as a result of the COVID-19 pandemic, which impacted the country particularly hard. The UK’s economic growth is expected to be 3.6 percent in 2022, down from 4.2 percent in the previous prediction. This is less than half of the 7.5 percent growth rate projected in 2021. Reduced consumer spending and poor company investment are to blame for the bleak outlook.
Insider Monkey selected UK stocks with positive analyst ratings. On March 23, Pearson Plc announced a $0.189 per share semi-annual dividend. As of March 29, the stock yielded 2.63 percent in dividends. Pearson revealed in February that it had received and rejected an offer from a US private equity group. Smith & Nephew Plc paid a final dividend of 23.1 pence per share. As of March 29, the stock yielded 3.12%. On February 22, the company announced its financial results for FY2021 and provided guidance for 2022. Luxfer Holdings PLC, based in Manchester, creates high-performance materials and components for defense, healthcare, transportation, and industrial applications. On February 22, the firm reported $0.28 non-GAAP EPS for the fourth quarter. Global Ship Lease, Inc. is a containership owner based in London. The company reported non-GAAP EPS of $1.84 in the fourth quarter, exceeding expectations by $0.58. On a year-over-year basis, revenue climbed by 119.4 percent to $153.5 million. Vodafone Group Public Limited Company announced a 4.3 percent year-over-year increase in Q4 revenue to €11.68 billion. It pays semi-annual dividends and has a yield of 6.12%. For more details, click 10 UK Dividend Stocks To Buy.