Britain’s blue-chip share index celebrated its 40th birthday on 3 January. But after more than two decades of “stagnating” prices, investors are praying for a bit of mid-life vigour, says David Brenchley in The Sunday Times. The index is unglamorous, as reliant on “oil firms, banks, tobacco companies and miners” today as it was at its inception in 1984. With less than 1% of the FTSE 100 related to tech firms, the London market has been left behind by the defining innovations of our times. Smartphone behemoth Apple has grown to become
