FTSE 100 notches up 12th consecutive record close

Market trader (file picture) Image copyright 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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