Politicians, regulators and City grandees are all focused on revitalising the UK’s struggling stock market. The problem is two-fold: companies are disappearing and not enough new ones are arriving to make up for the losses. The market is shrinking at a pace that will dislodge the UK from its top spot in Europe, amid fears of a terminal decline. This phenomenon is a result of multiple factors.
Yet the market’s perceived discount remains as big as ever: the FTSE All-Share index trades on just 11 times forward earnings or near a 40 per cent discount to the rest of the developed world’s stock markets. This is down, in no small way, to the boom in US tech stocks amid a frenzy over artificial intelligence. The bald discount is hard to deny.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: