RECORD HIGH FOR FTSE 100
Who said Friday the 13th was unlucky? The London FTSE 100 reached a record high for the eleventh day in a row in stock market’s best run in its 33-year history.
London's stock market has witnessed a consecutive run of record-breaking closes which begun on December 28, 2016, and shows no sign of ending.
The value of Britain’s top firms soared at the end of trading yesterday closing up by just 1.88 points at 7,292.37 — a rise of 0.03 percent that continues a run of increases going back to December 28.
London's main share index opened up 28.90 points at 7,321.27, putting it on track for its 14th gain in a row and its 12th straight record closing high.
ITV shares rose 2.6% after Goldman Sachs named the broadcaster as one of a number of potential bid targets in the European media sector.
The building materials firm SIG, a FTSE 250 company SIG surged by nearly 10% after it reported higher sales. SIG’s like-for-like group sales increased by 0.3% last year and full-year profits were on track to meet its forecast range of £75m-£80m.
For a full breakdown of yesterday’s London Stock Exchange events head over to The Telegraph here.