FTSE 100 Index
Price | 12-Oct
The FTSE 100 Index, also called FTSE 100, FTSE is a share index of the 100 most highly capitalised UK companies listed on the London Stock Exchange. The index is maintained by the FTSE Group, an independent company jointly owned by the Financial Times and the London Stock Exchange. Its name derives from the acronym of its two parent companies, but has since been registered as a limited company in its own right. The index began on 3 January 1984 with a base level of 1000; the highest value reached to date is 6950.6, on 30 December 1999. After falling dramatically during the financial crisis of 2007-2010 to a low of below 3,500 in March 2009, the index recovered by a significant margin to its peak since then of 6,091.33 on 8 February 2011, its highest level since mid-2008. It has fallen sharply since then to under the 5,000 mark on the morning of 23 September 2011. It is the most widely used of the FTSE Group's indices, and is frequently reported (e.g. on UK news bulletins) as a measure of business prosperity.