Scenarios and Things to Come during 2006

Edward Bonham-Carter
Joint Chief Executive, Jupiter Asset Management

FTSE 100 6,725 (5,850)

Top share Kingfisher – again. It is part of the style of a value investor, such as myself, to be early with a stock. The reasons why I picked the stock last year remain in place – that is, the retail sector is unloved and the shares are looking cheap. This, together with the continued strength of the housing market, means it is possible that there will be a knock-on effect for do-it-yourself retailers.