Ftse 100

The FTSE 100 index surged to a new record high of 8480.36 points in early trading, surpassing its previous intraday high set in May 2023. This three-day rally was fuelled by a surprise drop in UK inflation, bolstering expectations of more interest rate cuts by the Bank of England later this year.

The return of Scottish fund manager abrdn and engineering firm Weir Group to the FTSE 100 has been confirmed by the index's management group.

Weir Group and abrdn are set to rejoin the FTSE 100 this week after their share prices have recovered since their respective relegations from the index. Abrdn dropped out of the FTSE 100 earlier this year after its share price fell to under 150p, but it has since recovered and is now trading at

Frasers Group is set to rejoin the FTSE 100 tomorrow after defence firm Meggitt was sold to a US rival.

Expectations of abrdn PLC tumbling out of the FTSE 100 index were confirmed when last night the investment fund was relegated from the index.

The largest accountancy firms have increased their share of the UK audit market with 100% of FTSE 100 companies now audited by the Big Four, according to new research from the Financial Reporting Council (FRC). Published today, the latest edition of Key Facts and Trends in the Accountancy Profession

Marks & Spencer (M&S) is due to drop out of the FTSE 100 index after its value fell below the threshold for inclusion. This is the first time the company will drop out of the index since it was established 35 years ago.

Despite pay cuts, chief executives continue to earn 117 times more than the average full-time employee in the UK, a new report has found.