A compelling case for UK equities

This year’s “unusually good run” for beleaguered British shares shows “there is life in the old dog yet”, says Katie Martin in the Financial Times. True, the FTSE 100’s 10% year-to-date gain isn’t sending anyone’s portfolio into the stratosphere. But it beats the 6% rise on the Stoxx Europe 600 index. Meanwhile, America’s S&P 500 is broadly flat in sterling terms this year because of the falling value of the dollar. Fading financial centre The City of London has fallen a long way from the hegemo...