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BusinessEvening StandardFTSE 100 Live 23 April: Blue-chips to climb further after record close, JD Sports buys US retailer
The FTSE 100 index is set to move deeper into record territory after closing at an all-time high last night. Taylor Wimpey and Primark owner AB Foods have posted updates, while JD Sports Fashion has revealed a US acquisition. Taylor Wimpey, the FTSE 100 house builder said today that its order book continues to be lower year-on-year, amid “affordability challenges” in the mortgage market.
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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