Previous close | 8,078.86 |
Open | 8,078.86 |
Volume |
Day's range | 8,078.86 - 8,146.79 |
52-week range | 7,215.80 - 8,146.80 |
Avg. volume | 1,120,639,061 |
Britain's plans to sell shares in NatWest bank to the public this summer will be a test of a long-awaited upswing in the UK stock market that saw the FTSE-100 hit a record high this week - months after similar milestones for benchmark indexes elsewhere. Finance Minister Jeremy Hunt hopes the sale of government-owned stock in the bailed-out bank, Britain's biggest casualty of the 2008 global financial crisis, will spur Britons to invest more in UK-listed companies. In November, Hunt evoked memories of Margaret Thatcher by saying it was "time to get Sid investing again", a reference to the marketing campaign the former prime minister launched for the privatisation of British Gas in the 1980s.
The UK stock market is shrinking at its fastest pace in history amid a wave of foreign takeovers which have propelled the FTSE 100 to its strongest week in eight months.
Global stocks were higher on Friday as Big Tech gains lifted Wall Street shares, while Japan's yen hit a fresh 34-year low after the Bank of Japan (BOJ) opted to keep monetary policy loose at its latest meeting. The STOXX 600 index rose 1.2%, and the FTSE 100 index climbed to a fresh record high.