FTSE 100 notches up wins 12th consecutive record close

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PA

London’s FTSE 100 has chalked up its 12th consecutive record high as shares in housebuilders led the way.

The blue-chip index closed 0.6%, or 45.4 points, higher at 7,337.8 – the 14th time it has ended higher.

Housebuilders helped to lift the index, with Barratt Developments up 3.1% and St James’s Place 2.3% higher.

ITV shares rose 2.9% after Goldman Sachs named the broadcaster as a possible takeover target.

Shares in building materials company SIG jumped 15.4% after it reported higher sales.

The FTSE 250 firm said like-for-like group sales increased by 0.3% last year, adding that full-year profits were on track to meet its forecast range of £75m to £80m.

Pub group Mitchells Butlers – whose brands include Harvester, Toby Carvery and All Bar One – rose 2.9% after reporting “particularly strong” trading over Christmas.

The company said like-for-like sales were up 4.7% in the four weeks to 7 January.

On the currency markets, the pound was up 0.4% against the dollar at $1.2212, and rose 0.2% against the euro to €1.1488.

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