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The FTSE 100 index of shares has already crashed the ten,000-point barrier in January. With demand for reasonable, dividend-paying shares persevering with to warmth up, 2026 may properly be one other spectacular 12 months for UK blue-chip shares.
Whereas the Footsie has risen greater than 20% over the previous 12 months, there’s a wide array of top-quality shares nonetheless going at rock-bottom costs. Fresnillo (LSE:FRES), Admiral Group (LSE:ADM), and Allianz Know-how Belief (LSE:ATT) are only a few which have attracted my consideration in current weeks.
I feel they might ship spectacular worth beneficial properties as buyers smart as much as their glorious worth and pile in. Need to know why?
400%+ worth rise!
Fresnillo is among the world’s largest silver producers and a major gold miner, too. It’ll come as no shock then once I say it’s share worth beneficial properties have been colossal — during the last 12 months, it’s gained 440% in worth.
It’s true that gold and silver’s huge worth beneficial properties now go away them susceptible to heavy revenue taking. This in flip may immediate a pointy correction for valuable metallic shares like Fresnillo.
Nonetheless, I’m assured any pullback would seemingly show short-term. Falling rates of interest, rising geopolitical volatility, and a falling US greenback supercharged gold and silver in 2025. These elements stay very a lot in play in the beginning of the New Yr.
Fresnillo shares commerce on a price-to-earnings-to-growth (PEG) ratio of simply 0.6 for 2026. This represents distinctive worth.
Dividend hero
Admiral’s shares look filth low cost in my opinion based mostly on anticipated earnings and dividends.
At 12.6 occasions, the insurer’s ahead price-to-earnings (P/E) ratio is properly beneath the 10-year common of 17 occasions. Its 2026 dividend yield, in the meantime, is fractionally above long-term norms however nonetheless a superb 6.3%.
Admiral’s share worth rose 15% in 2025, but it surely nonetheless underperformed the broader FTSE 100. This mirrored investor worries over pricing stress and its influence on underwriting margins. It’s a legitimate concern, however not one I feel deserves the type of valuation we’re seeing.
What’s extra, Admiral’s huge model energy and powerful reinsurer relationships supplies significant safety in opposition to this menace. With its European operations bettering, too, I feel the corporate may choose up momentum in 2026.
Big returns
Allianz Know-how Belief has rocketed 23% in worth during the last 12 months. However at 533p, it nonetheless trades at a near-10% low cost to its web asset worth (NAV) per share.
This makes it a steal as — regardless of the specter of a doable AI bubble — it nonetheless has huge development potential as world digitalisation rolls on. Since early 2016, the belief’s delivered a mean annual return of 20%.
Allianz’s expertise fund owns all of the tech sector’s large hitters like Nvidia, Apple, and Microsoft, three firms which final 12 months turned the world’s first three $4trn firms. With 52 totally different holdings, the belief brilliantly reduces the hazard of 1 firm falling behind on this fast-moving sector, and its subsequent influence on investor returns.
It additionally supplies publicity to a mess of white-hot development tendencies like AI, cybersecurity, robotics, and quantum computing. I feel it might be one of many FTSE 100’s star performers once more in 2026.
