FTSE 100 closes at new record high

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FTSE 100 Index

Last Updated at 23 Feb 2018, 09:02 GMT *Chart shows local time FTSE 100 intraday chart
value change %
7235.25 -

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BT Group

240.10 p +

Royal Bank of Scotland Group

269.50 p -
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FTSE 250 Index

19756.77 +

FTSE 350 Index

4034.09 -

FTSE All Share Index

3985.62 -

FTSE Techmark Index

4427.65 -

(Close): After a sluggish start to the day, the FTSE 100 picked up and hit a record closing high.

Sentiment was helped by hopes of a solution to the Greek debt talks after Greece submitted a list of reform proposals to its bailout creditors.

The FTSE 100 ended 37.47 points higher at 6,949.63, beating its record closing level of 6,930.2 on 30 December 1999.

BHP Billiton rose more than 6% even after posting a 31% drop in underlying half-year profit to $5.35bn (£3.46bn).

The figure beat forecasts, and the mining giant said it expected more than $4bn of productivity gains by the end of 2017.

Housebuilder Persimmon fell 3.5% despite it reporting a 44% rise in full-year profit to £475m.

In the FTSE 250, shares in Just Retirement Group jumped 16% after the annuity provider's latest results suggested it was coping with the planned changes to the pensions market, which will mean annuity purchases are no longer compulsory.

It reported annuity sales of £661.2m, down 4% from a year earlier, with underlying pre-tax profit dropping 10% to £42.6m.

The figures were better than expected, and the company added it would launch new products in April when the pension reforms come into effect.

On the currency markets, the pound fell 0.06% against the dollar to $1.5448 and was flat against the euro at €1.3636.