Record close for the top tier

The Press and Journal (North-East) - - Business -

The FTSE 100 shrugged off Fri­day 13 su­per­sti­tion to post its 12th con­sec­u­tive record close yes­ter­day as the pound shed some gains and house­build­ing stocks pulled higher.

London’s top tier in­dex rose 45.44 points, or 0.6% to a fresh clos­ing high of 7,337.81, push­ing past Thurs­day’s record fin­ish of 7,292.37.

It was helped by the pound, which saw gains against the US dol­lar mo­men­tar­ily stall af­ter the re­lease of re­tail sales and con­sumer sen­ti­ment fig­ures across the At­lantic.

Ster­ling re­sumed its climb to trade higher by 0.4% at $1.220 in later trad­ing.

Against the euro, the pound was up by 0.2% at 1.148.

Brent crude oil prices fell 0.7% to $55.72 a bar­rel as in­vestors doubted the like­li­hood of Opec mem­bers and ma­jor pro­duc­ers stick­ing to pledged sup­ply cuts.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.