It’s no accident that the share prices of our biggest companies (FTSE 100) went up on average, by 7% when the Brexit result was announced: 75% of the earnings of our top 100 companies are earned overseas. So the 12% drop in pound, meant that 75% their profits, are suddenly worth 12% more. Some of these stocks still yield a lot more than the measly banks and building societies pay out.

Chris Ingram 26/07/2016