FTSE 100 adds 0.1, FTSE 250 rises 0.2
FTSE 100 index set for record high
UK inflation, labour market data in focus
Lender Amigo tanks to 10month low

Jan 16 Reuters UK39;s exportoriented FTSE 100 hovered near 412year highs on Monday, underpinned by banks and consumer staples, while investors looked ahead to a week dotted with release of key domestic economic data including inflation print.

The bluechip FTSE 100 edged 0.1 higher, extending a bull run and leaving it less than 1 away from record highs. The midcap FTSE 250 added 0.2.

Consumer staples such as Diageo and British American Tobacco were among top gainers, adding 0.4 and 0.8, respectively. Banks added support with a 0.4 jump.

Among individual stocks, Marks Spencer rose 0.4 on a media report of plans to open 20 new stores creating 3,400 jobs throughout Britain.

Investors appear to have fallen back in love with UK assets, said Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown.

Confidence has rebounded as investors eye China39;s reopening.

However, not all were gainers. Shares of Amigo tumbled 23 after the subprime lender said it had failed so far to find a cornerstone investor for a planned capital raise, putting the future of the company in doubt.

The bluechip FTSE 100 index hovered near fouryear highs in the past week, but its resilience will be tested as a string of economic data rolls out soon.

Inflation and labour market data will be in focus ahead of the Feb. 2 Bank…

Leave A Comment