Anglo American jumps after Reuters reports Glencore exploring approach
Diageo up after appointment of new CFO
FTSE 100 up 0.4, FTSE 250 adds 0.1

May 3 Reuters Britain39;s FTSE 100 hit a record high on Friday, boosted by AngloAmerican after Reuters reported Glencore is exploring an approach for the miner, while Diageo advanced after naming a new chief financial officer.

The bluechip FTSE 100 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.

Anglo American jumped 3.2 to the top of the FTSE 100 after Reuters reported that Glencore was mulling to make an offer to the 107yearold miner, a move that could spark a bidding war.

Investors are salivating at the possibility that there will be this massive bidding war for Anglo American. All miners now are looking at copper, thinking about how much demand has surged, and they39;re looking to have the lion39;s share of the market, said Danni Hewson, head of financial analysis at AJ Bell.

Glencore, on the other hand, was the top loser on the benchmark index, down 1.3.

Diageo rose 1.4 and boosted the beverages sector by 1.3 after the global drinks group named Nik Jhangiani as its chief financial officer.

Technology giant Apple added to the upbeat mood seen in Asian stocks after the iPhone maker announced a…