City Confidential

12 February 2026

Yet another record for the FTSE 100 yesterday with it closing at 10,472.11.  This morning it has moved above 10,500 for the first time although it has dropped back below that level as there is some profit taking.  How much further the market can go remains to be seen although the takeover of the leading fund management group Schroders shows that there is still an appetite for UK stocks which look underpriced when compared to overseas markets.  Looking at smaller UK companies there is still more value to be had and this is where we suggest investors focus.