FTSE 100 Reaches New Intraday High as Reckitt Benckiser and TSB Report Strong Results
The FTSE 100 hit a new intraday high as Reckitt Benckiser raised its full-year sales forecasts, leading to a sharp rise in share price. TSB also reported record profits, driven by lower costs and higher income. Howden Joinery saw a 10% rise in shares after reporting increased pre-tax profits. Lloyds Banking Group declared a higher dividend after posting a surprise rise in interim profits.
ITV has cut costs and spending on content more than expected. Reckitt Benckiser raised full-year sales forecasts, causing a sharp rise in share price. TSB posted record profits, but branch closures are expected if a sale to Santander goes through. Howden Joinery shares rose 10% after reporting a rise in pre-tax profits. FTSE 100 hit an intraday high on strong corporate results and trade deal optimism.
FTSE 250 results: IG, AJ Bell, Wizz Air. FTSE 100 results: Vodafone, BT, Reckitt. Centrica's profits halve. Lloyds Banking increases dividend. ITV cuts spending on content. FTSE 100 to extend record run.
According to the source: The Times.
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