FTSE 100 ends 2022 slightly up despite global turmoil

Share index is one of few to post rise but pound has worst year against US dollar since 2016

Britain’s blue-chip share index has ended 2022 on a modest annual gain, eked out during a year in which rising inflation, higher interest rates, the Ukraine war and recession fears all hit global markets.

The internationally-focused FTSE 100 share index ended the final trading day of 2022 almost 1% higher than it began the year, helped by a sharp rise in share prices of energy companies and miners, sectors which have benefited from Russia’s decision to plunge Europe into a gas supply crisis.