The fast rise in interest rates and weaker confidence in the prospects for the British economy hampered returns for London’s equity market this year. The FTSE 100 has risen by only 2.2 per cent, which translated to a total return of 2.7 per cent after factoring in dividends. The FTSE 250 closed up 2.8 per cent, equating to a total return of 3.5 per cent.
Against a meagre annual performance from the UK indices, Tempus’s tips for 2023 performed well. The average total return generated by the five companies tipped was 17 per cent. Those tips were: Diploma, Halma, Rentokil Initial, SSP and Whitbread.
The final name in that list was the best performing, generating a total return of 44.8 per cent. The owner of
