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FTSE edges lower, Landsec down on reduced earnings and GSK falls on Haleon sale - Market Report

FTSE edges lower, Landsec down on reduced earnings and GSK falls on Haleon sale -  Market Report

The FTSE 100 edged lower as trading got underway on Friday, following last night’s close in the red.

Among those falling was Land Securities Group, which unveiled reduced earnings and a loss for 2023 on the back of a lower valuation for its property portfolio.

GSK also dipped as the market opened after announcing the sale of its stake in Haleon for £1.25 billion.

Sainsbury’s rose in the meantime on the back of a new partnership with Microsoft to roll out AI across its supermarkets, including to aid with restocking and introducing new products.

And finally, among small caps, IQ-AI jumped on news its advanced imaging software had been successfully installed by Swiss hospital group Insel Gruppe.

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