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Market Wrap - Market Open

Barclays leads FTSE fall

28 July 2017 08:49

The FTSE 100 fell 0.4% to 7,413.43 on Friday morning after mixed performances in the US and Asia and ahead of another batch of earnings results.

Leading the blue-chips was Barclays (BARC), which gained 2.5% to 213.85 on the back of a 13% rise in first half pre-tax profit following materially lower losses in non-core.

International Consolidated Airlines' (IAG) after-tax profits rose to €567m in the six months to the end of June - 2.3% up on last time. Its shares rose 1.22% to 601.25p.

Laird (LRD) managed a 6% rise to 150.63p on news its operating profit rose by 40% to £29.6m in the six months to the end of June following a much improved performance, with encouraging progress across all three divisions.

BT (BT.A) led the fallers, down 2.97% to 306.75p, after adjusted EBITDA fell by 2% to £1,785m in the first quarter due to increased pension costs, business rates, sport programme rights and its investment in customer experience.

Rightmove's (RMW) pre-tax profit rose 8.7% to £87.5m in the first half on the back of an 11% increase in revenue to £119.5m. But the stock slipped 0.97% to 4,238.5p. Story provided by StockMarketWire.com

Related Company: BARC

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