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The Markets
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The Markets
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FTSE 100 opens higher; abrdn to cut jobs; easyJet narrows losses - Market Report

FTSE 100 opens higher; abrdn to cut jobs; easyJet narrows losses - Market Report

The FTSE 100 opened higher following a mixed showing by US indices on Tuesday.

Abrdn made headlines as the fund manager unveiled plans to cut 500 jobs in a bid to save up to £150 million a year on rising outflows.

Things were more positive over at easyJet though, which climbed early on after announcing first-quarter losses had narrowed despite disruption in the Middle East.

Wetherspoons also unveiled solid results, with like-for-like sales climbing 11.1% over the Christmas period.

Another early riser was International Distributions Services, as news broke that Ofcom could allow Royal Mail to reduce its letter delivery days from six a week in a modernisation push.

And finally, in small caps, Bradda Head Lithium jumped after saying objectives from drilling in Arizona’s San Domingo district had been met and surpassed.

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