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FTSE 100 boosted by company reports FTSE 100 boosted by company reports
(35 minutes later)
(Open): Another bumper series of company reports and a higher close for US shares helped the FTSE 100 off to a higher start on Wednesday.(Open): Another bumper series of company reports and a higher close for US shares helped the FTSE 100 off to a higher start on Wednesday.
Barclays investors greeted its 25% gain in interim profits with a 2% rise in the share price.Barclays investors greeted its 25% gain in interim profits with a 2% rise in the share price.
Sky shares jumped 2.5% on news of its 18% rise in profits and rival ITV was also up 1.6% a day after its results.Sky shares jumped 2.5% on news of its 18% rise in profits and rival ITV was also up 1.6% a day after its results.
The FTSE 100 index began up 0.6% at 6,596.03 points.The FTSE 100 index began up 0.6% at 6,596.03 points.
High street bakery chain Greggs managed a near 6% gain after its results. It raised profit expectation for the second time in just months.
Estate agency Foxtons shares were up almost 8% on strong results pulling rival Rightmove up 5.3% in its wake.
Compass Group shares were down 3% in the wake of its results. Compass is the world's biggest catering firm and serves around 3 billion meals a year. It announced a restructuring plan that will dent operating profit by £20-25m in both 2015 and 2016Compass Group shares were down 3% in the wake of its results. Compass is the world's biggest catering firm and serves around 3 billion meals a year. It announced a restructuring plan that will dent operating profit by £20-25m in both 2015 and 2016
Shares in Hikma Pharmaceuticals lead the gainers' table with a rise of 3.5%, building on Tuesday's 11.59% gain, made after it announced it was buying US generic drugs business Roxane from German drugmaker Boehringer Ingelheim for $2.65bn. Shares in Hikma Pharmaceuticals lead the top company gainers' table with a rise of 3.5%, building on Tuesday's 11.59% gain, made after it announced it was buying US generic drugs business Roxane from German drugmaker Boehringer Ingelheim for $2.65bn.
On the currency markets, the pound was down 0.12% against the dollar at $1.5594 and was unchanged against the euro to €1.4128.On the currency markets, the pound was down 0.12% against the dollar at $1.5594 and was unchanged against the euro to €1.4128.