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FTSE 100 reaches new heights in spite of ongoing Iran war
['Holly Williams', 'Press Association Business Editor']
Irish News
London’s blue chip share index is heading for a new all-time closing high despite the ongoing war in Iran thanks to a slew of better-than-expected results from FTSE 100 stalwarts.
London’s blue chip share index has hit new record highs as a slew of better-than-expected results from FTSE 100 stalwarts helped offset pressures from the ongoing Iran war.
The FTSE 100 Index has notched up record intraday highs in the past two days, reaching 10979.24 at one stage on Thursday.
Britain’s top share index was sent sharply lower when the US and Israel began their strikes against Iran on February 28, which sent oil and energy markets into turmoil.
“Its mix of energy stocks, defence names and consumer staples are attractive in the current environment.”