The FTSE 100 sprinted through the 5,200 level yesterday with the news that London had won the bid to host the 2012 Olympic games providing a boost to sentiment across a wide range of sectors.

The FTSE 100 rose 39.5 points or 0.8 per cent to 5,229.6, reaching a new three-year high for a fourth successive session. The mid-cap FTSE 250 also hit a new all-time high with a gain of 89.5 points or 1.2 per cent at 7,487.9. Trading volumes were strong at 3.9bn.