LONDON: In a year marked by political turmoil, UK stocks were widely shunned by investors awaiting clarity on Brexit. Some of the companies that fared best were ones that are most dependent on their home market.
The FTSE All-Share Index is up 15% this year, trailing the 23% jump in the regional Stoxx Europe 600 gauge. Stock buyers returned after the mid-December election gave Prime Minister Boris Johnson’s Conservative Party an 80-seat House of Commons majority, strengthening his power to set terms for the U.K.’s separation from the European Union.