The FTSE 100 touched eight-week highs but failed to hold them, on a day marked by a striking spree of profit warnings that didn’t stop the blue-chip index from shining.
London’s top bourse outperformed its peers on the Continent, closing up just over 0.8pc, after China’s ministry of commerce said it was communicating closely with Washington ahead of the fast-approaching trade talks.
All sectors gained, with energy sector heavyweights providing the most upwards pull. Healthcare and financial firms also performed well, leaving only a handful of shares from across the index in the red at several points during the day.
Gains were aided by a listless pound, which spent more of the London session flat...
Start a 30-day free trial for unlimited access to Premium articles
- Unlimited access to Premium articles
- Subscriber-only events and experiences
- Cancel any time
Free for 30 days
then only £2 per week
Save 25% with an annual subscription
Just £75 per year