The FTSE 100 is sailing ever higher on a big wave of enthusiasm for London listed stocks. The blue-chip index has opened at fresh record levels. It’s been on a breathtaking run upwards, accelerating its surge higher since the start of the year, rising by more than 9%. Momentum appears to be on its side with the psychologically important 11,000 mark now in its sights. Its mining constituents have been benefitting for demand for metals in particular, as signs indicate that a commodities super-cycle is underway, with huge demand for metals and minerals needed to power the green revolution and build AI infrastructure. Geopolitical tensions and rising debt levels are keeping demand for safe precious metals intact, while defence contractors continue to benefit from the big uplift in spending on military capabilities.
Influencers have had a bad time of it at restaurants recently. There they are, just trying to record a quick video and take a few pictures of their lunch, and restaurateur Jeremy King (of the Ivy and the Wolseley in London) goes and writes an article saying they’re ruining the dining experience of “bona fide guests” – something he says staff are “desperately trying to stop”. I’ve read pieces calling TikTok the end of the London restaurant scene. Friends’ parents have even said they would get up and leave if they were sitting next to anyone filming their meal.
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Norfolk Museums Service