FTSE 100 reaches second consecutive closing high


London’s premier index reached a second consecutive closing high on Friday as it closed up by 9 points at 7424, led by insurance group Admiral:

The FTSE 100 has closed at a new high for the second day running, on the back of Wednesday’s US interest rate rise.London’s leading share index had little direction after an early fall of 0.2%, with some profits being taken after Thursday’s record close.But values grew late morning, with the market registering a new intraday high at lunchtime of 7447 points. It closed Friday’s session 9 points up at 7424.Risers were mixed in terms of business sector and led by Admiral, the insurer.

Source: Sky

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