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Highlights
- UK residents are facing a cost-of-living crisis amid rising inflation.
- The UK economy may even be headed towards recession if this trend of spiralling costs continues along with a fall in the GDP.
- Investors can go for next-gen stocks offering good returns to counter the impact of inflation.
The UK inflation levels have been hitting the roof recently reaching a 30-year high of 7%. The inflation levels may even cross 10% by the end of the year, as per the estimates given by the Bank of England. As the price of goods and services is skyrocketing, the UK households are facing a cost-of-living crisis amid falling real wages.
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The UK economy has been slowing down due to various issues arising internally as well as due to external factors, like the Russia-Ukraine war. Many analysts have said that the UK economy may even be headed towards recession if this trend of spiralling costs continues along with a fall in the GDP.
The rising inflation and fears of recession have created concerns among UK investors, who are trying to maximise their gains despite the current headwinds. Thus, investors are keeping a close eye on the stocks of next-generation companies which have considerable advantages over competitors due to being tech-savvy.
Here are 3 UK next-gen stocks that investors can keep an eye on.
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Xaar plc (LON: XAR)
Cambridge-based company Xaar plc offers industrial inkjet printheads to several industries. The shares of Xaar were up by 3.38% at 2:33 PM (GMT+1) on 28 April 2022, at GBX 245.00. The company has provided its shareholders with a return of 68.28% over the last one year as of 28 April 2022, while its return on a year-to-date basis stands at 34.07%. The market cap of Xaar stands at £185.79 million as of 28 April 2022.
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Alfa Financial Software Holdings plc (LON: ALFA)
London-headquartered software company Alfa Financial Software Holdings plc provides the asset finance industry clients with software. Alfa Financial Software Holdings plc’s shares were trading at GBX 180.00 at 2:38 PM (GMT+1) on 28 April 2022. The company has provided its shareholders with a return of 33.33% over the last one year as of 28 April 2022, while its return on a year-to-date basis stands at -5.01%. The market cap of the company stands at £538.44 million as of 28 April 2022.
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Kin and Carta plc (LON: KCT)
UK-based company Kin and Carta plc is a global digital transformation firm focusing on digital platforms and services. The shares of Kin and Carta were up by 4.91% at 2:50 PM (GMT+1) on 28 April 2022, at GBX 235.00. The company has provided its shareholders with a return of 32.76% over the last one year as of 28 April 2022, while its return on a year-to-date basis stands at -19.93%. The market cap of Kin and Carta stands at £390.93 million as of 28 April 2022.
Tags: next-gen stocks, inflation, recession, Kin and Carta, Xaar, Alfa Financial Software, cost-of-living
