Britain’s FTSE 250 index hits record high, topping 2021 peak

Britain’s FTSE 250 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 which has risen 9. 7%. Travis Perkins 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.

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