FTSE 100 soars to record peak

Britain’s FTSE 100 reached a record high on Wednesday, led by Experian’s optimistic annual revenue forecast, according to Reuters. The FTSE 100 rose by 0.5 per cent to a record 8,474.41 points at the start of trading, while the FTSE 250 increased by 0.3 per cent.

Experian, a credit data firm, was the top performer on the FTSE 100, with its shares soaring by 8.3 per cent following its forecast of 6 per cent to 8 per cent annual organic revenue growth for FY 2025.

Investors are closely watching the US CPI data, due at 1230 GMT, to gauge when the Federal Reserve might start cutting rates. This comes after Fed Chair Jerome Powell reiterated that a rate hike is unlikely.

In contrast, Burberry was the biggest loser on the FTSE 100, with its shares falling by 3.7 per cent after it reported a 34 per cent decrease in annual operating profit. Despite reporting first-half profits slightly above market expectations, Compass Group’s shares fell by 2.3 per cent.