Welcome to our annual FTSE350 review for 2017. Our team of sector specialist writers has examined each sector within the FTSE350, giving their verdict on what the main challenges are for each and the companies therein and detailing the latest IC Views for each company within the top 350 in the UK
Each sector below is divided up into sub-sectors, each of which contains a comprehensive review, just simply click the drop down box to see the links for each individual sector article.
Almost every major commodity stock did very well in 2016. Expect divergence in the year ahead.
The rising tide of commodity prices which surprised many during 2016 lifted pretty much every major mining company with it, but we may not see the same uniform cross sector showing in 2017, so investors should be more picky.
Gold and silver prices have had a weak start to 2017, but there are still reasons to believe precious metals will shine
Wide ranging self-help measures and a concerted effort on a national level to support oil prices from the major oil producing nations saw recovery in many share prices in 2016, but are the oil and gas majors out of the woods yet?
Oil markets staged something of a recovery in the second half, but is it sustainable and will it give the majors time to repair themselves for the long term
Prospects for the oil services companies in 2017 are very much reliant on geography - with US shale recovery to the fore
The sector will be in search of higher-margin business strands this year, and regulatory clarity on the post-Brexit landscape
A recovery in the UK economy, and the strong stock market showing in 2016 boosted both banks and asset managers, but significant challenges remain under the surface, not least of all the prospect of economic uncertainty in the coming months and the threat of a Brexit damaging the City's dominance
Growing consumer debt, weak sterling and squeezed incomes could set back the sector's progress
This smorgasbord of a sector is dominated by the effects of market volatility, consolidation and inflation risk
Emerging market specialists may suffer under Trump's presidency, while others may prosper
After another year of attrition, the major supermarkets look to be turning a corner, and the return of food price inflation is welcome too. On the high street consumer spending has been buoyant, but was that a last hurrah?
There's a plethora of companies to choose from here, which come with a range of risks
There will be clear winners and losers in this sector, even if prices continue to rise
This part of the retail market might have its own 'squeezed middle' in 2017
Uncertainty over emerging markets, dramatic currency moves and consumer concerns closer to home paint a mixed picture for this sector
Property companies took a hit following the EU referendum vote, but have staged something of a recovery since while the housebuilders plough on relentlessly, but can their form hold?
Development schemes are riskier than ever, but some real-estate companies are riding the storm well
The backlog of projects to update the UK's creaking infrastructure could be addressed soon
A chronic shortage of new homes is likely to keep housebuilders busy this year
New developments are being slowed as companies hang fire ahead of more solid news on Brexit
Consumer spending has been a boon, but geopoltical concerns and currency movements muddy the waters for some.
With the sugar tax a step closer, companies will need to make sure their recipes meet the mark
The chase is on for the 'premium' market, but not everyone can win the race
The sector has long been an equity income stalwart and it's likely to hold on to that position for a while yet
Mounting regulation has already forced a wave of consolidation, and there could be more on the way
The sector is reshaping as businesses either bank away from the UK or keep within its airspace
Train tickets might be inflation-proof, but trading is tough for UK bus businesses
Convergence coupled with changing methods of consuming and using media and technology add up to a sector in almost permanent flux
As competition becomes more fierce and services more broad, we think the sector could see a number of takeover bids this year
Continuing to embrace the digital age will be crucial for London's listed media groups in 2017
Tighter finances could put the brakes on technology spending this year
Government outsourcing remains a benefit for this sector, but is not a gravy train for all, meanwhile those servicing the private sector should beware the cycle turning
This disparate sector has been, as usual, blowing with the political winds
The shadow of previous scandals and weakness in certain end markets means that doubts over the sector will persist in 2017
Overcapacity and intense competition have left industrial transporters with a bumpy path ahead of them
As e-commerce sales balloon, payment processing has carved out a space in the FTSE 350
Global growth remains a concern although defence companies may benefit from rising geopolitical tensions and sterling weakness is benefiting others
Improved competitiveness following sterling's devaluation has been a boon, but end markets remain challenging
Political change in the US and the growing influence of a very modern form of warfare will dominate strategic thinking
Macro uncertainties persist for the FTSE engineers, although capital budgets within the extractive industries may have troughed
Energy prices, regulatory concerns and maintaining dividends mean utilities remain in the spotlight
Utility companies are investing even more in renewable energy generation
Regulatory changes and political meddling are never far away for the insurers
Interest rate increases and inflation could mean better returns from the sector in 2017
The only bright spot is motor insurance, but higher insurance premium tax will take off some of the shine
Healthcare should be in a good place with ageing populations demanding more care, but potential political meddling and the challenge of maintaining pipelines of new products remain concerns
Pharma looks in better shape given the outcome of the US election and the defensive nature of their high dollar earnings
NHS budget pressure will continue to benefit the healthcare equipment and services sector this year