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FTSE 100 hits record high as Shell jumps on Malaysian asset sale

The UK’s FTSE 100 cruised to a record high on Tuesday, coming off an extended weekend, boosted by Shell’s jump on its plans to sell some Malaysian assets, while BP slipped after it missed earnings forecast.

The blue-chip FTSE 100 index breached the 8,300 mark to hit a record high of 8,311.02 points. It was last up 1.1% at 8,304.28, looking to build on its record of finishing higher in 10 of the last 13 sessions.

Shell jumped 1.7% after Reuters reported the energy giant is in talks to sell its gas station business in Malaysia to Saudi Aramco, a day after the company said it would exit South Africa’s downstream businesses.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

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