Lindsell Train founder Nick Train has revealed hefty positions in some of the more defensive stocks in the FTSE 100 helped him outperform the market substantially last year.
UK stocks were muted mid-morning as investors took profits and fretted once more over the outlook for Europe and the Greek debt deal.
Leading indices across the world closed up at multi-month highs overnight as investors remain in risk-on mode despite the ongoing eurozone crisis.
European stocks advanced this afternoon following the US Federal Reserve's interest rate outlook, with miners driving the FTSE 100 to build on earlier gains.
The UK's public debt pile has climbed above £1trn for the first time ever, after the government borrowed almost £14bn last month.
Shares in Asia climbed overnight despite a stalemate in Europe as talks between Greek bondholders and politicians dragged on.
UK markets were firmer today, reaching new highs for 2012 as investors went to risk-on mode, despite the threat of a stand-off between Greece and its bondholders.