Analysis of this news by the pinko liberals at the BBC ;
"By Joe Lynam, Business Correspondent
If ever we needed a reminder about the disconnect between our largest listed companies and Britain's 'real' economy , we got it today. UK GDP growth is well below the G7 average and real wages continue to fall.
Despite that, Britain's PLCs are doing very well thank you. That's because most of them earn the vast majority of their profits overseas and the global economy is enjoying is best period of sustained growth in a decade.
The better the world does, the more stuff UK quoted firms can sell. It helps, of course, that the pound has remained relatively weak since the referendum last year - meaning British based exporters can repatriate higher profits earned in stronger currencies. "