FTSE 100 breaks through 6,300 barrier

London's leading share index soared to its highest level since May 2008 in afternoon trading yesterday, breaking through the 6,300 barrier, as the New Year rally continues to gather pace.

Positive economic data from the US, released yesterday afternoon, helped keep the FTSE 100 on course to record one of its best January trading figures in two decades. US durable goods orders increased by 4.6% in December, well ahead of the 2% consensus forecast, in turn boosting trader confidence. The benchmark index was up 24 points or 0.4% at 6,308 in mid-afternoon trade, before slipping back slightly to close up 10 points or 0.16% at 6,294. Winners included financials Barclays (up 1.71%), Aberdeen Asset Management (up 1.59%) and Schroders (up 1.36%). So far this year, the FTS...