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Market report: First BP divi increase in four years, British Gas-owner Centrica still losing customers

Oil giant BP (BP.) beat second quarter profit expectations after it unveiled $2.82bn compared to forecasts of $2.6bn. That’s four times the amount it reached last year, boosted by higher oil prices. Investors like the encouraging figures, bidding shares in the group marginally higher in early trade on Tuesday, the stock up 0.7p to 566.2p. More good news for shareholders comes on the income ...

Market report: TalkTalk slashes payout, seeks £200m funding, but Compass and AA both impress

UK investors could be in for another bumpy day of trading on Thursday after a mixed session overnight in the US. The FTSE 100 index opens on the back foot, losing around 45 points, or 0.6%, in early deals to trade at 7,235.08. There’s more bad news from embattled TalkTalk (TALK) as the broadband and calls supplier slashes its dividend and goes on the hunt for new funding via a £200m rights ...

Market report: Royal Mail ups dividend as letter volumes remain under pressure

Former state-owned postal service Royal Mail (RMG) reports a 6% fall in annual adjusted profit on Thursday. It also warns that continuing declines in letter volumes this year would be at the high end of a previous estimate if business uncertainty persists. But it does up its full year dividend payment 4% to 23p per share, soothing investor concerns. The shares rally 3.3% to 445p, heading the FTSE ...
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