Closing post
Time to recap…..
An offering of UK inflation-linked bonds has attracted record orders, showing there is still appetite for British government debt.
Investors placed more than £69bn of bids in an auction of UK bonds maturing in 2037, which beats the previous record for an auction of index-linked gilts.
The yield, or interest rate, on UK government debt has risen slightly today, after reports that Keir Starmer’s allies fear a leadership challenge. But the rise is modest – with the yield on 10-year bonds up a modest 2 basis points today.
The pound has weakened a little, losing half a cent against the US dollar to $1.3097.
Britain’s FTSE 100 share index has hit a new record high today, with the FTSE 100 nudging 9930 points, before closing at 9,911 points.
The US’s Dow Jones Industrial Average has hit a record high.
FTSE 100 ends at new closing high
We will have to wait a little longer for the FTSE 100 to hit the 10,000-point mark.
The UK’s blue-chip share index has just ended the day at a new closing high, of 9,911 points. Earlier it hit a record intraday high of 9930 points….
Energy producer SSE led the way, finishing 16.8% higher after announcing a £33bn investment programme.
Chancellor of the Exchequer Rachel Reeves has welcomed the plan, saying:
“This landmark investment by SSE is a vote of confidence in the UK’s energy future. It means greater energy security, lower bills, and a boost for the economy to put more money in the pockets of working people.”
