FTSE 100 on track for best run since December 2020 as UK bosses grow more optimistic – business live

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FTSE 100 on track for best run since December 2020

Rising economic optimism is helping to lift shares in London this morning.

The FTSE 100 index of blue-chip shares is on track for its best run in over two years.

I’t’s up 33 points, or 0.4%, at 7095 points, the highest in over five weeks. as shares recovered from the turmoil in the banking sector last month.

This would be the FTSE 100’s seventh daily rise in a row, its best run since December 2020.

Industrial and electronics products distributor RS Group are the top riser, up 2.4%, after RBC raised its rating on the stock, followed by airline group IAG (+1.8%) and packaging firm DS Smith (+1.8%).

The news that UK CFOs are more optimistic about economic prospects has brought some cheer to the City.

The takeover approaches for Network International and John Wood (both members of the smaller FTSE 250 index) could also spur stocks higher, after decent financial results from JP Morgan last Friday.

“The FTSE 100 made brisk…

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This article was written by Graeme Wearden and originally published on www.theguardian.com