FTSE 100 hits fresh all-time high as inflation and recession fears ease

The FTSE 100 began to rally at the start of the year. Photograph: Henry Nicholls/Reuters

The UK’s blue-chip shares index has hit a fresh all-time high, only days after a previous record was set last Friday.

The FTSE 100 index rose by almost 1% on Wednesday morning, eventually peaking at 7934.30 points, surpassing the former high of 7,906.58 points set on 3 February.