By Jonathan Davies

The FTSE 100 closed at a new record high on Friday, before falling back on Monday morning.

The index ended the week at 7,022.51 on Friday and edged up to 7,027.33 when trading began on Monday for a new intraday record.

But it soon fell and was teetering between 7,000 and 7,015 and is now (10:35) is sitting at 6994.88.