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FTSE 100 nears 6,000 after public holiday

FTSE 100 nears 6,000 after public holiday
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The FTSE 100 neared 6,000 points after returning from the UK bank holiday with growth of 0.9 per cent in stock market trading.

Strong performances by firms such as Barclays, Royal Dutch Shell and Fresnillo allowed the index to enjoy a second consecutive session of significant gains, reported the Financial Times.

The biggest climber was Experian, which increased three per cent after Credit Suisse raised its rating on the company.

According to institutional trader at IG Markets Chris Weston, improving economic conditions in Japan and the eurozone have boosted the UK stock market.

But he told the news provider: "The fact markets in London and the US were closed for public holidays is certainly serving to subdue volumes."

Bosses at FTSE 100 firms have been in the news for the wrong reasons this week, with MM&K and Manifest research showing that average earnings for chief executives grew by 32 per cent last year.

Posted by Clive ArneilADNFCR-1681-ID-800561843-ADNFCR