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London Markets: FTSE 100 keeps rising on BOE boost, but RBS falls after huge loss

U.K. stocks pushed toward a new yearly high Friday, still enjoying a lift from the Bank of England’s aggressive stimulus package, and held to gains as the U.S. reported the economy added a bigger-than-expected number of jobs last month.

The FTSE 100 UKX, +0.64% rose 0.5% to 6,771.54, on course to surpass the 2016 closing high of 6,750.43 reached on July 27, according to FactSet. The index was on track for a weekly rise of 0.9%, which would be the second straight weekly gain.

On Thursday, the benchmark jumped 1.6% after the Bank of England cut its key interest rate to a record low 0.25%, expanded its quantitative easing program and said it would start buying £10 billion in corporate bonds.

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