This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-38494934

The article has changed 3 times. There is an RSS feed of changes available.

Version 1 Version 2
FTSE 100's record-breaking run continues FTSE 100's record-breaking run continues
(about 5 hours later)
The UK's stock market started the year in positive mood, setting another intra-day high in morning trade. The UK's stock market started the year in positive mood, closing at a record high on its first day of trade.
After closing at a record level of 7,142.83 on the final trading day of 2016, the FTSE 100 opened higher and set an intra-day record of 7,205.21. After closing at a record level of 7,142.83 on the final trading day of 2016, the FTSE 100 rose another 0.5% to close at 7,177.89.
"No January blues for equity markets as traders in London have returned to their desks in optimistic mood," said Neil Wilson at ETX Capital."No January blues for equity markets as traders in London have returned to their desks in optimistic mood," said Neil Wilson at ETX Capital.
"The FTSE is still enjoying the momentum from last week's Santa rally.""The FTSE is still enjoying the momentum from last week's Santa rally."
Changes to broker ratings were behind some of the day's biggest moves. Intercontinental Hotels Group rose 2.7% after Barclays raised its rating on the company to "overweight". Banks and financial companies were the strongest performers with stock broker Hargreaves Lansdown up 5% and the bank Barclays up 3.78%.
But shares in Halfords and Next were both hit by downgrades from Deutsche Bank. Halfords fell 5.7% after Deutsche cut its rating on the company to "sell" from "hold". Changes to broker ratings were behind some of the day's biggest moves. Intercontinental Hotels Group rose 1.3% after Barclays raised its rating on the company to "overweight".
Next - which is due to release a trading update on Wednesday - fell 3.3% after Deutsche Bank downgraded its rating on the retailer to "hold" from "buy". But shares in Halfords and Next were both hit by downgrades from Deutsche Bank. Halfords fell 5.6% after Deutsche cut its rating on the company to "sell" from "hold".
Next - which is due to release a trading update on Wednesday - fell 4.2% after Deutsche Bank downgraded its rating on the retailer to "hold" from "buy".
A stronger than expected survey of the UK's manufacturing sector boosted the pound. The latest Markit/CIPS purchasing managers' index for manufacturing suggested activity in the sector hit a two-and-a-half-year high last month.A stronger than expected survey of the UK's manufacturing sector boosted the pound. The latest Markit/CIPS purchasing managers' index for manufacturing suggested activity in the sector hit a two-and-a-half-year high last month.
The pound rose 0.7% against the euro to €1.1829, although against the dollar it was up by a more modest 0.1% at $1.2285. The pound rose 0.2% against the euro to €1.1766, although against the dollar it slipped by 0.17% to $1.2256.