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Happy New Year as FTSE breaks 6,000 barrier
Business Digest: Big day for FTSE 100 - and the 250 index also comes back fighting
Both the FTSE 100 and FTSE 250 indices had a great start to the New Year. The blue-chip FTSE 100 finished 114 points up at 6,014 by the end of the day - it's highest level since June 2008. It had started the day by jumping 100 points in the first minute of trading.
The FTSE 250, considered a better gauge of the UK economy given its domestic weighting, rose by 164 points to 11,723 - its highest level since July 2007.
The renewed confidence was driven by encouraging data from the manufacturing industry and signs that UK mortgage approvals are stabilising, according to Bank of England data.
Read a full report at the Daily Telegraph. ·
