The British companies that made investors the most money in 2016
AP
However, despite - and in some ways, because of - events like the UK's vote to leave the EU, British stocks had a great year, with the blue-chip FTSE 100 breaking new records for both intraday and closing highs. The index hit a new closing high twice in two days on the year's antepenultimate and penultimate trading days.
UK stocks have taken off since the vote for Brexit, gaining more than 15% since the days before the referendum. This may seem like fantastic news for the British economy, but it has largely been driven by the weakness of the sterling since June 23rd.
Though a weaker pound might seem like bad news for UK stocks, about 70% of the revenue earned by the companies that make up the FTSE 100 is derived abroad, meaning they make more money when sterling is weak. The index is full of mining companies, oil firms, and pharmaceutical giants that use the UK as a base but tend to denominate their assets in dollars.
It is largely these miners and oil companies that dominate the apex of the FTSE 100's performance charts in 2016. You can check out the best performers - all of which have gained more than 45% this year - below:
Figures are accurate as of 9.00 a.m. GMT (4.00 a.m. ET) on Friday, December 30.
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