Financial Times - Why investors have largely shelved retail shares

They are defensive, they generate stacks of cash, they are highly consolidated and much better run than they used to be. So why do investors not want to own UK supermarkets, which have underperformed the wider market for more than a decade?

Read Terry Smith’s comments in the full article here: https://www.ft.com/content/ba9a9e6f-c243-4d61-88fe-c78375b9410e