FTSE hits a two month high

FTSE hits a two month high

Despite the fall in Barclays shares by nearly 10% following announcement to restructure and remove itself from Africa, the FTSE Index was up at 45.52 points at 6,142.61 at noon on Tuesday – its highest level in two months.

Shares in Just Eat are currently trading up 1.1pc at 390p. This is despite warnings that they will be hit by competitions from rivals such as Deliveroo. These widespread concerns from analysts led to a slide in shares last month from 494.9p to 329.1p last month.

Shares in the London Stock Exchange (LSE) increased 8.3% after the New York Stock Exchange, Intercontinental Exchange announced it was considering making an offer to LSE, which could ruin potential plans of LSE merging with Deutsche Bourse.

In the FTSE 250, shares for Greggs rose 14% following news of their 25% rise in annual profits and their £ 100m restructuring plans.

The FTSE 100 remains down 2% since the start of 2016 and 14 percent below the April 2015 record high.