But City experts warned that more still needs to be done to keep driving interest in UK stocks, or values will stay behind international peers.
The FTSE 100 hit another all-time high today in early trading, after a long spell in the doldrums, but its momentum was slower compared with its performance over the past four-and-a-half weeks, when it gained 550 points. It was on course for another record close this morning at 8360.87.
With this weekend set to be the warmest of 2024 so far, the City will be hoping that the strong spring run turns into a red-hot summer for London shares.
The FTSE's strong run has helped to close the valuations gap with the US, which has been a major source of concern in the City.
This story is from the May 09, 2024 edition of Evening Standard.
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This story is from the May 09, 2024 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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