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FTSE 100 hits 14-month high

by LLB Editor
6th May 21 9:30 am

Britain’s blue-chip FTSE 100 index has hit a new 14-month high in early trading.

The Footsie has risen around 0.35% to 7066 points, its highest level since late February 2020 when the Covid-19 pandemic sent markets crashing.

Next is the top riser, up 2.3%, after lifting its profit forecast this morning.

Engineering firms Melrose (+2.3%) and Rolls-Royce (+2%) are also in the risers, along with British Airways owner IAG (+1.7%) – suggesting optimism about the reopening of economies this summer.

Barratt have jumped 1.4% after lifting its house completion forecast today.

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