Vaccine optimism gives Footsie a shot in the arm | Business

British shares have enjoyed a bumper November as scientists’ vaccine progress has encouraged investors to bet on a faster-than-expected return to normal.

The FTSE 100, the Premier League of London’s biggest stocks, looks a certainty to record its best month in more than 30 years — if not in history — and the feeling in the City is that there is more to come.

London is dominated by its big-name banking, energy and travel companies, which have been clobbered throughout the pandemic. Its exposure to these “old economy” stocks is one of the reasons why the Footsie has underperformed most of its peers this year. However, forward-looking investors have started to look at these businesses again of late, and the expectation is that the trend

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