At close the FTSE clocked up 29.61 points to close at 7,514.90 as investor enthusiasm continued unabated.
Amongst the biggest risers was Marks & Spencer, recovered from earlier trading to close 1.47% to 393.40p despite revealing full year results today that saw annual profits nosedive 63%. easyJet rose 3.31% to 1,344p and integrated tourism group, TUI AG rose 2.59% to 1,170.55p.
Meanwhile, China’s mounting debt caused Moody’s to downgrade it citing a worsening economic situation.
DIY store group, Kingfisher shares spiralled downwards to close -7.02% to 334.00p after it announced in a trading update that its Q1 like-for-like sales declined 0.6% due to poor performance in France.
Oil is performing slightly weaker after a period of higher prices but focus is shifting to OPEC’s meeting tomorrow. And the wide expectation of extending production cuts.
The pound was trading at 1.2932 tonight with the euro at 1.1567.
- UK FTSE 100 7,514.90 +0.40%
- Dow 20,971.54 +0.16% (Wed 17:53)
- S&P 500 2,398.18 +0.17%
- Nasdaq 6,149.42 +0.17%
- DAX 12,642.87 -0.13%
- CAC 40 5,341.34 -0.13%
- Gold 1,252.55 -0.6%
- Oil WTI 51.22 -0.72%
Marks & Spencer’s resilience was on show as its share price bounced back despite disappointing results.