Home Markets London’s FTSE 100 beats broader UK market in first quarter

London’s FTSE 100 beats broader UK market in first quarter

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The FTSE 100 has outpaced other UK stock indices so far this year, buoyed by its international diversification and exposure to energy companies and banks that have gained from surging oil prices and rising interest rates.

London’s blue-chip equity gauge added 1.8 per cent in the first quarter, remaining in positive territory despite the global market ructions sparked by Russia’s invasion of Ukraine in late February.

That advance, though meagre, stands in stark contrast to a 10.6 per cent drop posted by the FTSE 250 — the next crop of companies listed in London, ordered by market value. It also trumps a 16 per cent decline for the Aim 100 — a gauge of the largest firms quoted on London’s ‘junior market’, which is known for playing host to smaller and often more speculative businesses.

Many of the FTSE 100’s biggest companies by market capitalisation — BP, Royal Dutch Shell and Rio Tinto among them — have significant overseas…

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