FTSE climbs back above 6,800 after S&P record

clock

The FTSE 100 has moved back above the 6,800 mark for the first time this month as investors take heart from another record high for the S&P 500 yesterday.

By early afternoon the blue chip index was up 0.4% at 6,803, its highest level in four weeks, following a session in the US on Monday in which the S&P 500 passed the 2,000 mark for the first time in its history. Leading the FTSE 100 higher was construction and materials group CRH, up 2.3% at £14.10 shortly before 14:00 BST. There was also good news for some of 2014's strugglers, with the likes of airline group IAG and supermarkets Sainsbury and Morrisons among the other risers. By contrast, resources companies took a step backwards after Antofagasta reported a 16% fall in profit attri...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot