UK stocks opened higher on Friday as the pound gave up some of its recent gains, boosting exporters. At 0859, the FTSE 100 was up 42.43 points points, or 0.6%, at 7.117.16. Advertising firm WPP jumped 7.1%, despite posted a 40% fall in annual profit, after it met the top end of its adjusted sales guidance. London Stock Exchange gained 2.1%, despite warning its earnings would fall short of expectations due increased investment costs. The bourse operator also said it would cut 250 staff to save around £30m. Wealth manager Man Group fell 3.9% after choppy markets hurt the performance of its funds, crimping performance fees. Online property portal Rightmove reversed 4.6%, as an 11% rise in annual profit missed expectations and the company only posted 'slight' growth in customer numbers. Gambling company William Hill shed 0.5% as it swung to deep annual loss owing to a huge write-down related tighter fixed-odd betting terminal regulations, and more subdued high street trading. Royal Dutch Shell said it was facing legal action in the Netherlands related to its activities in Nigeria. Investors weren't fazed, pushing the oil giant's shares up 0.3%. Revolution Bars slumped 14% as it scrapped its interim dividend after posted a first-half loss owing to rising costs and a fall in like-for-like sales.
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