But earlier in the week the IMF singled out the UK economy as one of the world’s worst performers. It predicted that the country’s economy output would contract by 0.6 per cent in 2023, whereas all other major economies are expected to grow.
Victoria Scholar, head of investment at investing platform interactive investor, said the index was “defying the doom and gloom” in the worldwide economy. Alex Wright, portfolio manager at investment manager Fidelity, said there was a “huge discrepancy in returns” for smaller companies. Some may think that the index reaching record highs means that UK firms are now expensive – but many experts are recommending that UK shares are actually under valued.
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UK’s FTSE 100 share index beats 2018 peak to hit all-time high\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT. 'Footsie' is British Index & 'Tootsie' Brand Ambassador Mascot of Emirates Airlines (that's known past 4 me). Capitalism thriving on monopoly profits and the destruction of a liveable society for millions. Thanks for your interest, v. flattered, but I'm in talks with someone
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