BUSINESS CLOSE: Markets in the green still on vaccine breakthrough;

BUSINESS CLOSE: Markets surge again after vaccine breakthrough; redundancies hit record over summer; pound at $1.32

The FTSE 100 rallied again to close up 1.8 per cent as optimism about a vaccine prevailed among investors.

The blue chip index rose 110.56 points to 6,296.85, while the FTSE 250 ended the day up 0.9 per cent, or 177.98 points, to 19,028.34.

More people were made redundant between July and September than at any point on record, according to new Office for National Statistics figures, with around 314,000 redundancies registered during the three months.

Meanwhile, homebuilder Persimmon has declared another interim dividend of 70 pence per share and said it was fully sold up for the current year as it benefited from firm selling prices and strong demand for its new build homes over the summer. However, the shares slumped 4 per cent.

Outsourcer Capita said it lost nearly £100million in third-quarter revenue as the Covid-19 pandemic hit its businesses. It fell from £902million to £803million, but cost cuts helped the group eke out a small rise in adjusted core profit.

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