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The FTSE 100 made progress on Monday, up 0.4% by midday at 7,264.82 as the COP26 summit got underway in Glasgow and after strong gains from the Nikkei 225 overnight on a conclusive result from the Japanese general election.
Barclays fell 2% to 198.21p after Jes Staley stepped down chief executive following the UK Financial Conduct Authority's investigations into his relationship with convicted sex offender Jeffrey Epstein.
Ryanair Holdings said Monday it was mulling a move to delist from the London Stock Exchange and the budget airline reported narrower first-half losses amid an ongoing recovery in travel. Its shares were up 1.31% to €16.96.
Kitchen supplier Howden Joinery was flat at 920p, as it upgraded its outlook on profit after reporting that revenue had increased by more than a fifth in the period from 13 June 2021 to 30 October 2021, amid higher volumes and prices.
For the six months ended 30 September, pre-tax losses narrowed to €99.9 million from €255.5 million year-on-year as revenue jumped 83% to €2.15 billion.
Pharmaceutical giant AstraZeneca rose 0.45% to £91.35 after agreeing to transfer its global rights to Eklira, known as Tudorza in the US, and Duaklir to Covis Pharma for $270 million.
Property development company Land Securities rose 0.8% to 692.40 pence after reaching an agreement to acquire for U+I made for £190 million, or 149 pence per share. U+I jumped 72% to 148.15p. Brighton Pier rose 13.6% to 75p after swinging to an annual profit as the summer staycation boom following the lifting Covid-19 restrictions bolstered growth.
For the 52 weeks ended 27 June 2021, pre-tax profit was £4.2 million compared with a £10.2 million loss year-on-year, while revenue fell to £13.5 million from £22.6 million.