The FTSE 100 is marking new record highs in the region of 7,600 as latest UK construction data shows the industry expanding at the fastest rate since 2015.
In the last 12 months the index of Britain's leading 100 companies has shrugged off Brexit and the election of Donald Trump to advance 22.4% as sterling weakness has seen greater value ascribed to its member's overseas earnings.
Which are the stocks which have helped take the FTSE to new heights? Just over 40 companies have outperformed the wider index.
|Company||12 month rise (%)|
|Anglo American (AAL)||74.5|
|Coca-Cola HBC (CCH)||72.1|
|Rio Tinto (RIO)||67.5|
|InterContinental Hotels (IHG)||62.9|
Source: SharePad, 2 June 2017
Among the top 10, all of which are up 50% or more, a significant proportion are mining companies which have enjoyed an uplift as their dollar-denominated earnings are flattered by the weaker pound and a resurgence in commodity prices. Unsurprisingly big overseas earners like Burberry (BRBY) and InterContinental Hotels (IHG) have also done well.
Mondi (MNDI) and Ashtead (AHT) have also enjoyed a currency tailwind combined in the former’s case with robust operational performance and for the latter with hopes for a benefit from President Donald Trump’s infrastructure plans.