FTSE pushes to 10-week high on confidence data

UK markets added to their gains on Thursday as the latest business confidence indicator from the Recruitment & Employment Confederation showed an improvement in May compared to April. As well as an uptick in overall confidence, short-term demand for permanent staff also improved. 'The worst could be behind us', said REC chief executive Neil Carberry. By 4.35pm the FTSE 100 was up 1.4% to 6,229, its first time above the 6,200 level since the panic sell-off in March. The FTSE 250 mid-cap index gained 1.1% to 17,336. Asset manager M&G was the biggest gainer, rising for a second day up 7.1% to 150p... Read More

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