The FTSE 100 has hit its highest level since February 2020 today, just before the pandemic-induced stock market crash.
The UK bluechip index closed up 0.7 per cent at 7,420.7, leaving it on track for its biggest annual rise since 2009. The FTSE 250 ended the day up 1.1 per cent at 23,517.27.
In company news, Tesla chief executive Elon Musk has exercised all of his options expiring next year, signalling an end to his stock sales that triggered a fall in the share price of the world’s most valuable carmaker.
Musk has so far offloaded 15.7 million shares in Tesla, worth around $16.4billion, coming close to the 10 per cent stake the billionaire has pledged to sell.
Deutsche Bank has been slapped with a €8.7million fine (£7.3million) over its handling of submissions for Euribor, a euro interbank lending rate at the centre of a scandal that rocked the industry.
The boss of Ryanair has lashed out at regulators for failing to take action against online travel agents.
Michael O’Leary claims the firms overcharge customers for flights and prevent airlines contacting them directly with refund information.
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Musk’s sale of 15.7 million shares in Tesla has sparked significant volatility in the firm’s share price
