FTSE 100 set for best week since April amid hopes of Covid vaccine


Index of leading UK companies on course to end week with 7% gain after Pfizer/BioNTech announcement

The London stock market is heading for its best week since April amid rising hopes that a coronavirus vaccine can trigger a faster economic revival from the pandemic than first anticipated.

The FTSE 100 index of leading UK company shares is on track to end the week more than 300 points higher, a rise of almost 7%, despite a modest sell-off on Friday as City investors bet it would still take time to deploy the vaccine and for Britain’s economy to stage a full recovery.

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