FTSE 100 Hits 5-Year High

TUESDAY MARKET UPDATE: UK markets staged a significant rally, taking the benchmark index to a level not seen since 2008

Alanna Petroff 5 March, 2013 | 6:17PM
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The benchmark FTSE 100 index hit a fresh five-year high that hasn't been seen since early 2008, and the mid-cap FTSE 250 index also rallied ahead on Tuesday.

The FTSE 100 surged forward by 86 points, or 1.4%, to close at 6,432. The FTSE 250 pushed up by 187 points, or 1.4%, to close at 13,861.

On the large-cap index, Serco Group (SRP) led the charge forward. Shares in the services company rallied by 9% after it raised its annual dividend by 20%.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Glencore PLC318.35 GBX-2.84Rating
Lloyds Banking Group PLC48.06 GBX0.45Rating
NatWest Group PLC205.80 GBX0.34Rating
Serco Group PLC141.10 GBX-0.63
Standard Chartered PLC489.40 GBX-0.39Rating

About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.

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