Many UK-listed stocks have got off to a flying start in 2013, with indices approaching all-time highs, but some companies have been given a rough ride by markets, destroying shareholders' capital in the process.
With the FTSE 100 up 16.4% year-to-date, and the FTSE All-Share up 17%, investors could be forgiven for thinking companies in the UK are in rude health. A further 0.9% rise in the blue chip index this afternoon, meanwhile, has seen the FTSE 100 move to within 100 points of its all-time intraday high of 6,950.6. However, a number of areas of the market - in particular resources stocks - have endured a brutal sell-off as commodity prices plunged and fears over the sustainability of growth in key regions such as China mounted. As a result, some stocks have lost investors half their ca...
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