Having started the week up yesterday, the FTSE 100 is up another 32 points to 4,658 this morning, helped by falling oil futures and telecoms.
Sainsbury is up 4.75p to 246.75p after unveiling a recovery plan, which includes job cuts, halving the dividend and spending more to improve the layout of its stores. GlaxoSmithKline is up 21p to 1,158p after reports it and other European pharmaceutical companies are stepping up production of anti-viral drugs following the closure of a plant producing influenza vaccine for Europe and the US. British Airways is up 6p to206.5p after oil futures fell overnight in New York trading. MmO2 is up 2.75p to 104.25p as its run of form continues for fifth straight day of trading. Insurance ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
