FTSE 100 Hits New Record High as Financial and Consumer-linked Stocks Drive Performance

Published: 22 April 2024 at 17:21

The FTSE 100 closed at 8,023 points, marking its highest closing sum since February last year and surpassing the previous record of 8,012 points. The record high was driven by a strong performance from companies, particularly in the financial and consumer sectors. Analysts attribute the rise to confidence in avoiding a major escalation in the Middle East conflict and the weakening value of the pound against the US dollar, which benefits UK companies with US earnings.

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SOURCES

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