Brexit effect laid bare in new indices

ANALYSIS from accountancy giant KPMG has revealed the extent to which UK businesses with international interests have outperformed their domestically focused peers in the year since the Brexit vote.

The KPMG Non-UK 50 index, which represents the largest companies with more than 70 per cent of their market outside the UK, has risen by 28 per cent since the vote while the KPMG UK50, which represents the largest FTSE companies with mainly UK exposure, fell by five per cent.