Nationwide – who determines the sector classification

Nationwide is, quite correctly in my opinion, classified in the Support Services sector of AIM. By some bizarre quirk of the classification system, Just Car Clinics (AIM: JCR), a business conducting very similar activities to Nationwide (crash repair) is placed in the General Retail sector of AIM. The current reluctance of investors to go anywhere near General Retail would suggest that this anomaly can’t be of much help to poor old JCR. I appreciate that AIM is generally treated as a sector in itself and sub sector classifications are of less relevance than for the main market and larger blue…