Keep calm and carry on investing: 3 UK growth stocks

3 UK growth stocks in honour of the Queen's birthday.

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Every year most of Australia celebrates the Queen's birthday, which is on the second Monday of June.

According to Wikipedia, the never-wrong source of internet information, the day has been celebrated since 1788 to mark the actual birthday of the monarch of the UK. After King George V died it was decided to keep the date on the second Monday of June.

So, with thanks to the UK monarchy for giving us a day off, here are three ASX shares that are growing in the UK;

CYBG Plc (ASX: CYB)

This is the Clydesdale and Yorkshire Banking Group that was spun out of National Australia Bank Ltd (ASX: NAB). Aside from the worries about Brexit, the UK economy is actually going quite well and CYBG is benefiting from this.

It is in the midst of making a play for Virgin Money, a combined entity would become a national competitor to the main national incumbent banks.

It's currently trading at 11x FY19's estimated earnings.

Janus Henderson Group (ASX: JHG)

Janus is a global asset management group headquartered in London. The business is supposedly going to be able to extract good synergies between the combination of Janus and Henderson. It can use its size to offer clients better value services and more options.

It's currently trading at around 10x FY19's estimated earnings.

Ramsay Health Care Limited (ASX: RHC)

Ramsay is one of the world's largest private hospital operators and one of its major segments is in the UK.

Although UK revenue and operating profit decreased by close to 5% in the latest result, Ramsay hopes that a positive tariff adjustment in April 2018 and the growing number of people waiting for treatment will mean growth returns to normal in the near future. Apparently NHS demand management strategies were significantly impacting volumes.

In the long-term I expect Ramsay UK will get back to growth.

Foolish takeaway

The UK has been a sore point for several companies in recent years, however the above three companies seem like solid choices to perhaps create great growth in Great Britain.

Motley Fool contributor Tristan Harrison owns shares of Ramsay Health Care Limited. The Motley Fool Australia owns shares of National Australia Bank Limited. The Motley Fool Australia has recommended Ramsay Health Care Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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