Footsie on course for another record

INVESTORS will be keeping an eye on the FTSE 100 this week as it edges towards a new record.

The index of Britain’s biggest listed companies ended the week up 0.2pc at 7210.05 after a run of seven consecutive highs.

A previous record of eight days was reached in 1997, but a further rise today will see that feat equalled.

Neil Wilson, senior market analyst at ETX Capital, said: ‘The bulls are out in force and there’s no stopping the FTSE in 2017.’

David Buik, market commentator at broker Panmure Gordon, said the FTSE charge was likely to continue. ‘I don’t think anybody is going to do anything before January 20 when Donald Trump enters the White House,’ he said.

Companies in the FTSE 100 often have a greater proportion of overseas earnings, so have benefited from the fall in sterling since Brexit.