By Jonathan Davies

The FTSE 100 closed at another new record high on Monday.

After hitting a new record on Friday, the index initially struggled on Monday morning, falling by around 30 points.

But it recovered throughout the day and rose to 7,052.15 at close.

Shares were boosted by the positive results of the latest flash purchasing managers index (PMI) for the eurozone which showed an improvement in business activity. The score of 54.1 in March was up from 53.3 in February and is nearly a four-year high. Any score above 50 indicates growth.