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BusinessEvening StandardFTSE 100 Live 23 April: Blue-chips to climb further after record close, JD Sports buys US retailer
Ruth Gregory, deputy chief UK economist at Capital Economics, says Jeremy Hunt may be ‘disappointed’ by the public borrowing figures. The FTSE 100 index is set to build on last night’s record finish, with IG Index forecasting a rise of 0.5% or 43 points to an intraday all-time high near 8066.
NewsPA Media: MoneyUK annual government borrowing higher than forecast in blow to Chancellor
The ONS estimated that full-year public sector net borrowing was £120.7 billion in 2023-24, £6.6 billion more than predicted.
BusinessEvening StandardPrimark booms as Rita Ora deal pays off
Primark owner ABF hailed strong results today as it put Covid firmly in the past and said there is now “normality” in its supply chains. The interim divi is up 46% to 20.7p, worth many millions to the Weston family that controls the business. Improvements to the Group's operational performance, driven by the investments and strong execution over the last few years, are now becoming visible.
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