Britain's FTSE 250 index hits record high, topping 2021 peak
Britain's FTSE 250 index hits record high, topping 2021 peak Aug 4 (Reuters) - Britain's FTSE 250 .FTMC surged to a new record high on Tuesday, surpassing its previous peak from 2021, and rising more than 0.7% on the day.
The rally lifted the domestically focused mid-cap index's year-to-date gains to 8.6%, though it still trails the more internationally exposed FTSE 100 .FTSE which has risen 9.7%.
Travis Perkins TPK.L was the top performer on the FTSE 250, surging nearly 20% after first-half results showed price increases and cost-cuts helped the building materials supplier offset weak demand in the UK's subdued construction market.
(Reporting by Danilo Masoni, editing by Alun John)
((Danilo.Masoni@TR.com; Reuters Messaging: danilo.masoni.thomsonreuters.com@reuters.net))
Recent news on Travis Perkins
See all newsTravis Perkins PLC Jupiter Fund Mgmt - Holding(s) in Company -TR-1
Wickes' third-quarter sales climb as low-price strategy draws shoppers
UK's Travis Perkins falls after reporting Q3 like-for-like sales decline
UK Stocks-Factors to watch on October 15 (updated)
UK's Travis Perkins reports fall in like-for-like sales amid construction slump