FTSE 100 hits Record High on Glencore approach

Britain’s FTSE 100 hit a record high on Friday, boosted by Anglo-American after Reuters reported Glencore is exploring an approach for the miner, while Diageo advanced after naming a new chief financial officer.

The blue-chip FTSE 100 (.FTSE) was up 0.4% at 8,203.83 points, hitting its record intraday high and is set for a second straight week of gains.

Hopes of early interest rate cuts by the Bank of England and easing geopolitical tensions have led to UK equities hitting seven record highs so far this year.

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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