As it is the summer holiday season, members of the Evenlode investment team have compiled a selection of books that we have read and found interesting over the first half of 2021.

In our second look at consumer trends we examine changing attitudes to alcohol consumption.

This month I look at key themes from recent company results, our current views on the portfolio, and our optimism on long-term prospects.

We discuss three examples of UK-listed, market-leading companies whose shares are not fashionable at present, but which we believe offer an interesting combination of resilient cash generation, growth prospects, and valuation appeal for the patient investor.

With environmentalism rising up the global agenda, we take a look at an emerging consumer trend.

We look at fund and equity market valuations through the lens of the Evenlode valuation framework.