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Evening Standard
Evening Standard
Jeremy Cutler

FTSE posts new closing high as falls in defence stocks are offset by retail gains

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Defence stocks slid amid hopes of peace in the Ukraine-Russia war (Alamy/PA) -

The FTSE 100 posted a new closing high on Tuesday as gains in retailers offset heavy falls in defence stocks which slid as hopes grew of progress in peace talks between Ukraine and Russia.

The FTSE 100 index closed up 31.48 points, 0.3%, at 9,157.74. The FTSE 250 ended up 83.69 points, 0.4%, at 21,833.26 while the AIM All-Share finished 2.06 points higher, 0.3%, at 763.22.

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