May 16, 2017

FTSE 100 hits another record as Vodafone rises

The FTSE 100's recent record breaking run showed no sign of ending as the UK's main share index hit another record intra-day high. Vodafone led the way, with the mobile giant's shares rising 4.1% as investors ignored news of a hefty annual loss and focused on its upbeat outlook. The airline recorded a loss of £212m in the six months to March, partly due to the impact of the lower pound and the timing of Easter. On the foreign exchanges, the pound lost ground after the release of the latest UK inflation figures. Against the euro, the pound was down 0.5% at 1.1690 euros.

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