London's FTSE 100 stock exchange index hits a new record high
London's FTSE 100 stock exch...
Subscribe to Newsletter

London's FTSE 100 stock exchange index hits a new record high

8 February 2023
1 min.
London's FTSE 100 stock exchange index hits a new record high

FTSE 100 hits record high again

The London Stock Exchange's FTSE 100 Index, which is based on the stocks of the 100 largest-cap companies, reached a record high of 7,926 points on Wednesday.

That figure beat the previous record, which was set on February 3, when it reached 7,906 points. The capitalisation of major UK companies has thus surpassed not only the level immediately before the pandemic, but has also beaten the record held since 22 May 2018 (7,903 points).

Experts interviewed by The Times believe that market players were encouraged by predictions that a recession in the British economy could not only be milder than expected, but could possibly be avoided altogether.

It is noted that investors will keep a close eye on UK gross domestic product (GDP) data, which will be released on Friday. Preliminary data is expected to show that the British economy contracted by 0.3% in December last year, but probably avoided a technical recession in the fourth quarter.

Meanwhile, the National Institute of Economic and Social Research (NIESR) has lowered its forecast for UK GDP growth this year to 0.2% from 0.7%, saying Britain will avoid recession in 2023, but its population will face the consequences of a severe fall in living standards.

"Now that we seem to be sticking to the idea that recession is even further away, I would feel a little more comfortable with the FTSE 100 and it is still relatively cheap," said the chief market analyst at IG Group.

The FTSE 100 Index began its run since 1984 at 1,000 points. It has been showing strong gains in recent weeks after the Chinese authorities announced the lifting of a number of coronavirus restrictions and inflation slowed in the US.

Companies3 in the news

Source foto:
Rating companies
13 Mention
11 Mention
Daily Mail
10 Mention
Labour Party
7 Mention
X (Twitter)
7 Mention
The Sun
6 Mention
6 Mention
5 Mention


News -this is the latest and most up-to-date information about the resonant events that have occurred in the region. The task of the resource's news feed is to convey to readers information about important events in business, politics, economics, healthcare, culture and other spheres of life in England with maximum accuracy and objectivity.
News - this is coverage of the economic processes taking place in England, the latest news of public life, incidents and an overview of political events. English news is information about the activities of small and medium-sized businesses, the work of housing and communal services, the implementation of significant projects. The site's journalists describe not only the life of the region, but also talk about the current state of the English economy. Everything you need to know about innovations in the field of industry and agriculture, economy and government is collected in the "News" section on
News of England promptly informs the reader, shows the real picture and opens up topical topics. Communication with government structures and business gives us the opportunity to provide our readers with reliable, information-rich material.
The main page of the portal contains the key news of England!
Alena Potapova

Development Director
Died this year
Born this year