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As FTSE 250 hits new highs, small and mid caps still offer value for stock pickers UBS added Stagecoach Group to its Smid conviction list, while fund manager Richard Penny suggested some “stealth compounders” under the radar of mainstream investors Stock picking is key London’s mid-cap stock index, the FTSE 250, have this month pushed on to another all-time high having stumbled lower after blasting through the previous ceiling around 22,000 in April. While many worry about inflation and other market watchers angst about share valuations that in many places look stretched, there remain many pockets of value on the stock market, of which UK and European small caps and the mid-caps that are found on the FTSE 250 remain two sources.

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