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London stock exchange beats Wall Street with best FTSE 100 year since 2009

about 14 hours ago
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Britain’s stock market has increased in value by a fifth over 2025 – its biggest annual gain since 2009 – in a strong year for shares around the world.The FTSE 100 index of blue-chip stocks closed up 21.5% on New Year’s Eve compared with the start of January, beating Wall Street returns.The wider all-share market was 19.75% higher.

The precious metal producer Fresnillo was the top performer – its shares have soared by 450% in 2025, boosted by record prices for gold and silver,Its rival, Endeavour Mining, gained 170%,The telecommunications company Airtel Africa was the second-fastest riser, up 210%,Defence company stocks also surged as Europe boosted its spending on weapons amid the Russia-Ukraine war and pressure from Donald Trump on Nato allies to spend more on defence,Babcock International, the defence contractor which kits out the Royal Navy’s nuclear submarine fleet, jumped by almost 150% this year.

Rolls-Royce, which supplies engines for fighter jets, turbines and propulsion systems for warships and power systems for the British army, doubled in value,On Tuesday, the FTSE 100 hit a new intraday record high of 9,954 points, but fell short of breaking through the 10,000-point mark for the first time,More than a fifth of the stocks on the FTSE 100 went down,The biggest fallers were the distribution company Bunzl and drinks maker Diageo,Both lost a third of their value.

World stocks rallied by 21%, their strongest year since 2019 and the sixth annual rise in the past seven years,It was a turbulent year for global markets, however,In January, the launch of the Chinese chatbot DeepSeek wiped $1tn from US technology stocks in a “Sputnik moment” for the world’s AI superpowers,The bigger shock came on 2 April, when Trump announced sweeping tariffs on trading partners,The ensuing market panic knocked 10% off the FTSE 100 by mid-April, but there was a recovery rally when the US president decided to pause the new levies.

Toward the end of the year, hopes for US interest rate cuts in 2026 pushed shares higher, with Trump signalling that he would appoint a new head of the Federal Reserve who would lower borrowing costs.“Investors have been looking beyond the usual suspects for value and diversification as the US dollar came under pressure and the world continued to be beset with geopolitical turmoil and fears of an AI bubble,” said Danni Hewson, head of financial analysis at AJ Bell.Despite the lingering fears of an AI bubble, Wall Street’s S&P 500 was on track to record a 17% rise for 2025, while the Nasdaq was about 21% up.Among tech stocks, Google’s parent company, Alphabet, has gained 65% in 2025 as its Gemini artificial intelligence product gained market share.Meta, which owns Facebook, lagged behind with a 13% rise, while online retailer Amazon gained only 6%.

Anxiety over the US economy, and three interest rate cuts since September, pushed the US dollar down by 9% in 2025, its worst year since 2017.Wall Street analysts expect further losses over the next 12 months.Fears of currency debasement drove a sharp rally in precious metals this year.Gold has gained 65%, its best showing since 1979, as investors sought out protection from inflation and geopolitical tensions.The pan-European Stoxx 600 index recorded its best year since 2021, gaining almost 17%.

Germany’s plans to boost government spending supported stocks, as did better-than-expected economic data.“2025 has been a pivotal year for Europe,” said Anthi Tsouvali, multi-asset strategist at UBS Global Wealth Management’s chief investment office.“After a strong start driven by German fiscal stimulus and rising defence spending, markets faced headwinds from US tariffs and weak data.Yet sentiment is improving, and we’ve upgraded our outlook for European equities to ‘attractive’.”
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The best films of 2025 … you may not have seen

There’s something almost self-fulfilling about Endless Cookie being an overlooked gem. The crudely animated Canadian documentary, directed by two half-brothers occupying separate worlds between Toronto and Shamattawa First Nation, lives in and finds its voice in the ellipses between typical narrative beats. A fart, a toilet flush, mumbling asides and the squabble of children sharing the same room as Seth Scriver (who is white) he interviews his Indigenous brother Pete are among the overlooked moments that are usually left on a cutting-room floor. But they resonate in Endless Cookie, like life refusing to be silenced in a surrealist self-portraiture that delights in colouring outside the lines. Institutional violence and neglect, intergenerational trauma and over-policing in Indigenous communities are all visible, but often kept at bay

4 days ago
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‘I once Bogarted a joint from a Beatle’: Stewart Copeland of the Police

Your 2025 album, Wild Concerto, stars birds and animals as soloists; what animal do you think best represents you, and why?The wolves of the Arctic Circle! Actually, no, no, no – the hyenas of the Skeleton Coast. Hyenas are very cool animals: they’re butt ugly, but they have extremely complex society, they’re very complex vocally, and they’re very strange animals. I don’t know whether I identify with them personally or not. OK, fuck that: let’s go back to the wolf, much more heroic.You’ve been touring your in-conversation show – what is the most common question you get from audiences?Someone always asks me about Spyro [1998 platformer Spyro The Dragon]

4 days ago
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From Central Cee to Adolescence: in 2025 British culture had a global moment – but can it last?

Despite funding cuts and shuttered venues, homegrown music, TV, film and, yes, memes have dominated the global zeitgeist over the past 12 years. Now this culture must be future-proofed from the forces of globalisationOn the face of it, British culture looks doomed. Our music industry is now borderline untenable, with grassroots venues shuttering at speed (125 in 2023 alone) and artists unable to afford to play the few that are left; touring has become a loss leader that even established acts must subsidise with other work. Meanwhile, streaming has gutted the value of recorded music, leading to industry contraction at the highest level: earlier this year the UK divisions of Warners and Atlantic – two of our biggest record labels – were effectively subsumed into the US business.In comedy, the Edinburgh fringe – the crucible of modern British standup, sketch and sitcom – is in existential crisis thanks to a dearth of sponsorship and prohibitively high costs for performers

5 days ago
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The best songs of 2025 … you may not have heard

There is a sense of deep knowing and calm to Not Offended, the lone song released this year by the Danish-Montenegrin musician (also an earlier graduate of the Copenhagen music school currently producing every interesting alternative pop star). To warmly droning organ that hangs like the last streak of sunlight above a darkening horizon, Milovic assures someone that they haven’t offended her – but her steady Teutonic tenderness, reminiscent of Molly Nilsson or Sophia Kennedy, suggests that their actions weren’t provocative so much as evasive. Strings flutter tentatively as she addresses this person who can’t look life in the eye right now. “I see you clearly,” Milovic sings, as the drums kick in and the strings become full-blooded: a reminder of the ease that letting go can offer. Laura SnapesIn a year that saw the troubling rise of AI-generated slop music, there is something endlessly comforting about a song that can only have been written by a messy, complicated human

5 days ago
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The Guide #223: From surprise TV hits to year-defining records – what floated your boats this year

Merry Christmas – and welcome to the last Guide of 2025! After sharing our favourite culture of the year in last week’s edition, we now turn this newsletter over to you, our readers, so you can reveal your own cultural highlights of 2025, including some big series we missed, and some great new musical tips. Enjoy the rest of the holidays and we’ll see you this time next week for the first Guide of 2026!“Get Millie Black (Channel 4), in which Tamara Lawrance gives a powerhouse performance as a loose-cannon detective investigating a case in Jamaica. The settings are a tonic in these dreary months, and the theme song (Ring the Alarm by Shanique Marie) is a belter. But be warned: the content of the final, London-set episode goes to some dark places.” – Richard Hamilton“How good was Dying For Sex! This drama about a terminally ill woman embarking on an erotic odyssey was so funny and sad and true and daring

5 days ago
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My cultural awakening: a Turner painting helped me come to terms with my cancer diagnosis

My thyroid cancer arrived by accident, in the way life-changing things sometimes do. In May of this year, I went for an upright MRI for a minor injury on my arm, and the scan happened to catch the mass in my neck. By the following month, I had a diagnosis. People kept telling me it was “the good cancer”, the kind that can be taken out neatly and has a high survival rate. But I’m 54, and my dad died of cancer in his 50s, so that shadow came down on me hard

5 days ago
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Eurostar slowly resumes but passengers face more cancellations and delays

about 14 hours ago
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ITV agrees to invest £3m in fitness app created by Joe Wicks

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Elon Musk’s 2025 recap: how the world’s richest person became its most chaotic

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The office block where AI ‘doomers’ gather to predict the apocalypse

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26 for 2026: unmissable sporting events over the next 12 months

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Diggins, Schumacher make US cross-country skiing history with World Cup double

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