Yesterday’s momentum for the FTSE 100 continued to build with the UK’s main share index hitting another high at 7,522.03, up almost 1%. The index climb was a part result of a slip in sterling, flattering revenues for large companies with earnings overseas.
Another component was the bullish performance (again) of oil and commodity stocks, with strong gains for Fresnillo up 2.96% to 1,564.05p and Rio Tinto, up 2.67% to 3,100.50p.
- UK FTSE 100 7,522.03 +0.91%
- Dow 20,976.29 -0.03%
- S&P 500 2,400.22 -0.09%
- Nasdaq 6,152.40 +0.04%
- DAX 30 12,797.37 -0.08%
- CAC 40 5,402.60 -0.27%
- Gold 1,238.00 +0.30%
- Oil WTI 48.94 +0.18%
However telecoms player Vodafone was the out-and-out FTSE 100 winner climbing almost 4% to 219.53p following a positive outlook update this morning.
A grim day, in contrast, though for Hargreaves Lansdown. Key rival US investment operator Vanguard is launching a tracker war in the UK with some fees capped at 0.15% a year.
Responding to the news, shares in online personal investment player Hargreaves Lansdown sank more than 8% to 1,328.50p.
Not such good news also for easyJet following steeper-than-expected losses – £212m – this morning. Shares in easyJet fell more than 7% to 1,216p in trading today.