The UK’s blue-chip share index cruised to record highs on Tuesday, helped by a weaker pound and positive corporate updates, while investors focussed on earnings from U.S. tech giants this week.
The blue-chip FTSE 100 (.FTSE), opens new tab gained 0.5% to 8,059.39 points, surpassing its previous peak of 8,047.06 points hit in February 2023.
Surging commodity prices, a falling pound as well as gains in defence stocks have powered the FTSE 100 higher this year as investors took advantage of cheaper valuations in British equities compared to other global markets.
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.
