What is the current performance of the FTSE 100?

The FTSE 100 has reached a new record high and is on course for its best opening two months of the year since 1998, with gains of 9.2% year-to-date.

Which companies saw significant stock movements recently?

Howden Joinery shares soared over 10% after beating profit forecasts, while Relx and Experian gained over 4%. Hikma Pharmaceuticals fell nearly 17% due to slower revenue growth forecasts.

How is the FTSE 250 performing compared to the FTSE 100?

The FTSE 250 was also rising, up by 0.4%, but it remains around 2% below its own record high set in 2021.

Home / Business and Economy / FTSE 100 Surges to Record Highs

FTSE 100 Surges to Record Highs

27 Feb

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Summary

FTSE 100 reached a new record high.
The index achieved its best start to the year since 1998.
Howden Joinery shares soared on profit forecasts and buyback.

The FTSE 100 index achieved another record high yesterday, extending its impressive start to the year, which is the best seen in almost 30 years. The index climbed by 0.4%, reaching 10,846.70 points, and has now recorded gains of 9.2% for the year, positioning it for its strongest January-February performance since 1998.

Several companies released significant updates that influenced the market. Kitchen supplier Howden Joinery saw its shares surge by 10.8% following the announcement of better-than-expected annual profits and a £100 million share buyback program. Additionally, Relx and Experian experienced gains of over 4%, recovering from previous market dips related to AI concerns.

Conversely, Hikma Pharmaceuticals saw its stock price fall by nearly 17%, hitting a more than three-year low. This decline occurred after the drugmaker projected slower annual revenue growth for the upcoming period. The FTSE 250 index also showed positive movement, rising by 0.4% to 23,719 points, though it remains below its own record high from 2021.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.