FTSE powered higher by strong corporate results

Natalie Kenway
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Positive earnings reports from some of the FTSE 100 top players have boosted the index this morning.

The FTSE opened 0.30% higher at 5712 points as BP, Aviva, Imperial Tobacco and BG Group all grew earnings. Consumer product company Reckitt Benckiser Group topped the index with a 2.07% gain. It says new products and a strong performance in developing markets led to third quarter profits beating estimates. Oil giant BP was up despite having to fork out an additional $7.7bn (£4.80bn) for the Gulf of Mexico oil spill. The company managed to beat Q3 profit forecasts due to "strong operating performance". Full-year profits at Imperial Tobacco rose 10% easing investors' concerns over it...

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