Economic growth triggers stock boom in midcaps

The like-for-like revenue of FTSE 250 constituents rose overall by 3.3% in the three months to the end of March, compared with the same period a year ago, according to a report published by The Share Centre today, the Telegraph reports. With the International Monetary Fund forecasting that the UK's growth will be the fastest of any advanced economy this year, mid-caps have been well placed to reap the benefits of rising demand. They have seen their quarterly gross profit up by 5.1% compared with a year earlier. But this economic strength has seen some larger companies struggle, as ...