FTSE hits another record, Primark owner ABF and JD Sports rise - Market Report

Proactive - Interviews for investors

The FTSE 100 soared to a record intraday of 8,070 as the market opened after closing at an all-time high on a strong performance yesterday. Fuelling gains early on was Primark owner ABF, which soared after unveiling bumper interim results where stronger margins took pre-tax profits 37% higher to £881 million. JD Sports was also rising, having announced the proposed US$1.1 billion takeover of US retailer Hibbet amid plans to expand further across the Atlantic. THG gained on news revenue growth had continued to accelerate over the first quarter, following several major turnaround initiatives taken in recent years. And finally, Taylor Wimpey offered up some positive commentary for the UK housing market in the meantime, noting welcome ‘stability’ despite lower sales as the spring selling season got underway. #ProactiveInvestors #ftse #ftse100 #footsie #marketreport #primark #abf #jdsports #thg #taylorwimpey #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews