CLOSING OF BUSINESS: FTSE increases 1.3%; BP pays off its debt
CLOSING OF BUSINESS: FTSE 250 hits record high; BP repays its debt; Credit Suisse bosses resign; Peacocks bought back from the administration
London stocks rose slightly today, with the FTSE 100 closing 1.3% higher at 6,823 and the domestically-focused FTSE 250 rising 1.2% to 21,994 – a new high.
The pound fell as the pound fell 0.5% against the dollar and 0.7% against the euro, with £ 1 buying $ 1.384 and € 1.168, respectively, shortly after the London market closed.
In company news, oil giant BP said it expects to meet its net debt target of $ 35 billion in the first quarter of 2021, following previous proceeds from divestitures and a quarter. ” very solid ”.
The collapsed fashion chain Peacocks was bought out of administration by a senior executive with the backing of a consortium of international investors, saving 200 stores and 2,000 jobs, it was announced.
According to the Society of Motor Manufacturers and Traders, demand for new cars in the UK rose 11% to around 283,000 last month, despite the closing of showrooms.