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FTSE firms on virus slowdown hopes, embattled Cineworld rallies, Homeserve sees strong growth

London’s FTSE 100 made substantial gains in early trading on Tuesday, bid up 165.73 points or 2.97% to 5,748.12 amid continued hopes that the spread of coronavirus may be levelling out in major hotspots in Europe and the US. Embattled Cineworld (CINE) rallied 17.3% to 46.45p after the cinema operator suspended dividends in a bid to strengthen liquidity, having shuttered all its cinemas ...

Market report: Galliford Try gallops ahead, JD Sports jumps on record results

London’s FTSE 100 shed 20.1 points to trade at 7,215.7 early on Tuesday. Markets were mixed as Chinese shares slipped on the back of weak producer price data and investors lost their appetite for the pharma, tobacco and utilities sectors. On the currency markets, the pound eased back against the dollar, falling 0.16% to $1.236. In corporate news, Galliford Try (GFRD) galloped 15.6% higher to ...

Market report: Bumper profits and buybacks bolster BT and BHP, while Just Eat up despite lower earnings warning

UK telecoms group BT (BT.A) soars to the top of the FTSE 100 leader board in early trade on Thursday after unveiling a big rise in profits. Pre-tax profits at BT jumped 24% to £1.34bn in the half year to 30 September despite revenue slipping 2% to £11.6bn. Higher profits were driven by customers opting for more expensive smartphones at mobile network EE and restructuring-related cost ...
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