FTSE 100 hits record high on positive corporate updates

Britain’s FTSE 100 extended its record rally on Monday, helped by a slew of positive corporate updates including a report that said mining giant BHP Group was considering a better buyout proposal for Anglo American.

The blue-chip FTSE 100 rose 0.4% to hit an all-time high of 8,185.59 points by 0828 GMT. The index was set to notch gains for the eighth session out of the past nine.

“There are a lot of companies that look attractive, so this is not a short-term rally. We are positioned to outperform in a rising market,” said David Cumming, head of UK Equities at Newton Investment Management.

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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