Three reasons why British stocks are beating their American rivals

Finally, after years as an embarrassing also-ran, the London stock market is enjoying, in relative terms at least, a moment in the sun. While the S&P 500 index, the best benchmark for Wall Street’s performance, has fallen by about 19pc so far this year, putting it within a whisker of official bear market territory, the FTSE 100 has risen – if only by about 1pc – since New Year’s Eve 2021.