General · 1 March 2026
Halo companies push UK, EU markets to record highs
Investment in “Halo” companies, which Goldman Sachs defines as having heavy assets and low obsolescence, lifted UK and EU markets to record levels by the end of February. Goldman Sachs reported its basket of over 100 big-spending companies outperformed capital-light firms by 35% since 2025. These “Halo” businesses include energy grids, pipelines, and utilities, featuring substantial physical capital and long-lived economic relevance. This shift marks corporates moving decisively back toward physical assets after more than a decade of under-investment in Europe.
Reported by Guardian · How we write briefs