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John Phelps's portfolio

Our share tips turned in another resilient performance in the face of a stock-market downturn last week with the total value of our four portfolios showing only a fractional decline when we conducted our usual review on Wednesday.

The best performances were staged by some of our more boring safety-first tips such as SSE, Tesco and Carr's Milling Industries which all pushed ahead on the view that consumers have little choice but to buy their output whatever the economy may throw at them.

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Business

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