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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

FTSE 100 surges over 8,000 points before rising US producer prices dampen mood; British Gas owner Centrica’s profits triple – as it happened

A dragon statue boundry mark guarding the entrance to the City of London
A dragon statue boundry mark guarding the entrance to the City of London Photograph: mauritius images GmbH/Alamy

FTSE 100 hits new closing high

And finally…. the UK’s blue-chip FTSE 100 index has ended the day at a new alltime closing high.

That’s despite disappointment over the higher-than-expected US producer price inflation data.

The FTSE 100 has closed at 8012 points tonight, up 14 points or 0.18%, having hit an intraday high of 8047 points this morning.

Centrica was the top riser, surging 5.7% after beating profit forecasts and announcing a new £300m share buyback programme today.

Thousands of workers at Britain’s Royal Mail voted in favour of further strikes on Thursday, warning of more walkouts until a long-running dispute over pay is resolved.

More than 95% of those who participated in the ballot voted for strikes, said the Communication Workers Union (CWU), which represents more than 110,000 postal workers at the centuries-old postal company.

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