FTSE 100 edges closer to record high

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The FTSE 100 was within range of a fresh record high on Friday after mining as well as banking stocks rose.

Shortly after midday the UK’s benchmark share index was up 19.06 points at 7.542.10, nevertheless the idea had touched 7,560 earlier which is actually above the record close of 7,556.24 hit last week.

Rising copper prices boosted mining shares, with Antofagasta up 2.6%.

Banks also supported the index, with Standard Chartered up 2.5% as well as Royal Bank of Scotland 1.7% higher.

Intercontinental Hotels Group slid 0.9% despite the Holiday Inn owner reporting rising third-quarter revenues.

The company said of which the key measure of revenue per available room, or RevPAR, rose 2.3% inside the three months to September.

However, there was a big split between its performance in Europe as well as the Americas. In Europe, RevPAR jumped 7.1% as tourists returned to markets previously hit by terror attacks, nevertheless inside the Americas the idea was up just 0.8% in a quarter affected by hurricanes Harvey as well as Irma.

On the currency markets, the pound rose 0.2% against the dollar to $1.3181 as well as was up 0.6% against the euro at €1.1159.

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