FTSE 100 Live: Index slips from record; House prices hit record; L&G surges
The FTSE 100 headed lower as trading got underway on Friday, in line with a drop for heavyweights AstraZeneca PLC (LON: AZN) and GSK PLC. London’s blue-chip index slipped 18 points to 8,708 initially, having hit a record high of 8,767 on Thursday.
FTSE 100 hits record high ahead of expected interest rate cut
Most sectors in the FTSE 100 were up, boosted by strong corporate earnings. AstraZeneca, the FTSE 100’s most valuable company, rose 4.8 per cent following better than expected results. Shares in Babcock, an engineering outsourcer, rose as much as 11 per cent after it upgraded its outlook.
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