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City of London

FTSE 100 Tops 8,000 for First Time on UK Bluechip Comeback

  • Benchmark boosted by global rally, recent strong earnings
  • FTSE avoided 2022 plunge as pound’s slump lifted index
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The FTSE 100 Index rose above 8,000 points intraday for the first time, with gains in heavyweights and a drop in sterling boosting the UK’s large-cap stock index on Wednesday.

The benchmark closed 0.6% higher to notch a fresh record, after breaching its May 2018 peak earlier this month. It reached an intraday high of 8,003.7 points, boosted by heavyweights including Shell Plc and British American Tobacco Plc and also helped by a drop for the pound after Wednesday’s inflation data.