FTSE 100 tops 10,400 as Beazley and Entain soar

Entain, owner of Ladbrokes, soared after its 50% owned BetMGM business in the US had a ‘record year’ (Jordan Pettitt/PA) - (PA Archive)

The FTSE 100 surged to a fresh high on Wednesday, spurred by strong trading updates and as insurer Beazley said it has accepted a possible £8 billion bid.

The FTSE 100 index closed up 87.75 points, 0.9%, at 10,402.34, a new record close. It had earlier set a new intra-day high of 10,481.54.