The ‘Tasty 20’ FTSE 100 stocks that have risen more than 50% in a year – propelling the London market to record highs
Twenty FTSE100 Stocks have surged 50 percent or more in the past year, causing the index to rise to a record high of around 11,000.
Analysis of Refinitiv data by the Daily Mail and This is Money reveals that the 20 best-performing blue chip stocks in London over the past 12 months have more than halved.
Topping the ‘Delicious 20’ list is gold and silver miner Fresnillo, with a staggering 448 per cent increase; Miners such as Antofagasta, Glencore and Anglo American are also making noise.
They are joined by defense groups such as Rolls-Royce, Babcock International and BAE Systems, banks such as Barclays and Lloyds, and powerful names in the British industry GSK and British American Tobacco.
The announcement comes as the Footsie soared to new highs on Wednesday, rising more than 100 points to 10,788, the highest in its history.
Positive: Today we reveal the 20 FTSE 100 companies whose values have risen in the past year – including Rolls Royce Holdings
While it had only reached 10,000 in early January, analysts now believe it could reach 11,000 in the not-too-distant future.
Richard Hunter, head of markets at Interactive Investor, said: ‘The next psychological turning point for the FTSE 100 will be the 11,000 level, which is just 2 per cent away.
‘At the current rate of progress this is a distinct possibility; ‘The primary index has become the star of the show on the international stage as investment stars align.’
The recent highs represent a remarkable comeback considering the flying Footsie was firmly established less than a year ago.
As Donald Trump announced his ‘Liberation Day’ tariff attack on trading partners around the world in April last year, London’s blue-chip index fell to 7,544.
It has increased 43 percent since then; The pension funds, Isas, nest eggs and other investments of millions of Britons have increased.
Russ Mould, investment director at AJ Bell, said Footsie’s ‘reputation has gone from unloved to admired’.
The FTSE 100 is back in fashion, partly due to its more ‘defensive’ nature at a time when investors are worried about inflated valuations of technology stocks.
Rising metal prices including gold, silver and copper have boosted London’s army of listed miners, while defense stocks continue to benefit as Europe seeks to rearm in the face of Russia’s military aggression.
Footsie is also benefiting from the weakness of the pound because 80 per cent of blue chip revenues come from abroad and when these are converted back into pounds, profits increase.
Interactive Investor’s Mr Hunter suggested further gains could be on the horizon for the FTSE 100, noting that it ‘remains cheap in terms of relative valuation’.
‘There was also strong buying interest from overseas investors, particularly in the US, which all combined to push the primary index to another record high,’ he said.
‘Despite this outperformance, the FTSE 100 remains cheap in terms of relative valuation; For example, a forward earnings multiple of 14 compared to 23 for the US benchmark S&P 500 leaves the door open to further potential returns.’
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