British Airways has announced its half year results, with the result that the FTSE 100 has slipped about 14 points 4,726.
The former-national carrier is currently trading down 6p to 218.50p, after unveiling half-year profits of £335m, up from the £60m recorded a year earlier. The increase is attributed to recent cost-saving measures and an improvement in passenger numbers, while fuel costs are 12% higher than last year. Shire Pharmaceuticals has lost 10.50p to 511.50p. The company released its third quarter results at the end of last week. Kingfisher, owner of B&Q is down 7p to 303.75p. Smith and Nephew leads the advance, adding to a recovery made on the back end of last week, following earlier losses....
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
