London loses position as most valuable European stock market

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London loses position as most valuable European stock market
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It is the first time Paris has overtaken London since records began in 2003, according to data from Bloomberg.

Britain's stock market has lost its position as Europe's most-valued, as the economic downturn weighs on UK companies, data shows.

The combined value of British shares is now around $2.821 trillion , while France's are worth around $2.823 trillion, Bloomberg calculates. However, the FTSE 100 index, which comprises the biggest companies, has largely remained flat, although the index is skewed towards firms based overseas and commodities producers which have been boosted by soaring oil prices.

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