FT.com / UK – Equities surge as UK economy shrinks

Via FT.com / UK – Equities surge as UK economy shrinks.

The stock market surged higher for the tenth day in a row on Friday – the longest winning streak since 2003 – as investors shrugged off news of Britain’s biggest economic contraction in more than 60 years.

The FTSE 100 closed at 4,576.61 to record a 4.3 per cent gain over the week and a 10.9 per cent gain since the start of the winning run.

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