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FTSE 100 opened higher, gaining 29 points to 7,045. Strangely, Royal Mail and ITV led the way as the biggest risers as both are soon set to be booted off London’s blue-chip index.
EasyJet apologised to customers after a host of flights have been cancelled over the last few weeks due to staff shortages. The budget airline warned of more cancellations as it cuts thousands of summer flights.
Pfizer has agreed to invest US$95mln to buy just over an 8% stake in French vaccines company Valneva. Valneva will use the proceeds from Pfizer’s investment to support its Phase 3 development contribution to the Lyme disease program.
House prices in Great Britain hit another record high in June. Rightmove said, however, that prices are likely to start falling during the next few months as five interest rate rises and a worsening cost of living crisis finally start to put the brakes on the property market.
Union Jack Oil said net sales from the Wressle hydrocarbon development, located in North Lincolnshire on the western margin of the Humber Basin, reached US$7mln since the re-commencement of production last August.
Goodbody Health will launch new genetic tests to help people understand their risk of cancer and heart disease. The four new polygenetic tests will help customers ‘know more, live better.’
Graft Polymer announced its Slovenian production facility reached a key milestone by becoming cash flow positive – though it intends to double output once several important pieces of equipment have been delivered.
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