FTSE closes up for the fourth week running as Covid fears fade
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Investors ended the week on a high, with markets across Europe finishing the day in positive territories, putting to rest any thought that Covid variants could impact the recent good moods. “The FTSE 100 has also managed to make progress making a new 18-month high, and posting its fourth successive weekly rise, its best run of gains since last November.” The pound, which has barely moved all week, was flat against the euro at 1.175 and up 0.02% against the dollar at 1.386. The business revised revenue guidance down to between 245 million dollars and 260 million dollars in the 2021 financial year, warning that supply chains would continue to be disrupted during the 2022 financial year.