FTSE 100 hits 8,000 points for first time as recession fears ease

The index of largest companies listed on the London Stock Exchange reaches its highest level

Britain's FTSE 100 share index has passed 8,000 points for the first time, as fears of a global recession ease.

In an afternoon surge, the index of the largest 100 companies listed on the London Stock Exchange hit 8,003.65 points, a new record.