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FTSE keeps rising

by LLB Reporter
16th Feb 23 11:28 am

Having finally smashed through the 8,000 level on Wednesday, the FTSE 100 shows no signs that its batteries are running out of juice, rising another 0.4% to 8,032.

Russ Mould, investment director at AJ Bell, said: “For an index that’s been unloved for years, it’s refreshing to see the FTSE find its rhythm as this could help it win back some of the investors who turned their backs in 2016 when the Brexit vote was cast.

“Helping to drive the index on Thursday was Relx, up 3.2% after its full-year results were well received. Despite being one of the UK market’s biggest companies, Relx tends to stay out of the spotlight and is often underappreciated by investors. In a nutshell it provides information to people working in industries such as legal and insurance to help them do their job in a better way.”

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