London's FTSE 100 recouped some of yesterday’s lost ground in early trades on another day stacked with results.
London’s blue-chip index was up 18 at 7,643 in the first hour led by Ocado and Glaxo spin-off Haleon.
Grocery delivery specialist Ocado posted an underlying profit as both sides of its business moved into the black, though the company still showed a hefty net loss overall.
Haleon said its first quarter this year had started slowly but eased the pain with a £500 million share buyback. Revenues and profits both rose in 2023 in what analysts described as a solid performance.
British Airways owner IAG made record profits in its 2023 trading year but this was largely expected and the shares eased lower.
London Stock Exchange Group meanwhile said it was seeing signs of IPO life in London again after a miserable twelve months for new listings.