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European Economy and Markets

FTSE 100 back at record levels, Diageo gains on new CFO but IHG declines – Market Report [Video]

The FTSE 100 eyed yet another new intraday high as trading got underway, climbing to 8,197 and just 1 point off the record.

Aiding gains early on was drinks company Diageo, which climbed after announcing Coca-Cola Europacific Partners’ Nik Jhangiani as its new chief financial officer.

News of growing revenues at Holiday Inn owner IHG failed to push the stock higher in the meantime though.

Among FTSE 250-listed firms, Trainline soared after reporting a doubling in operating profit to £56 million for last year on strong growth across continental Europe.

And across the Atlantic, Apple shares chalked up hefty gains after the tech giant beat second-quarter earnings expectations despite a dip in iPhone sales.

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European Economy and Markets

CORRECTION: Fincra to launch EUR Virtual Account solutions at GITEX AFRICA Morocco 2024 [Video]

Fincra, a pan-African payment technology company, is set to unveil its latest Banking as a Service (BaaS) product, the EUR Virtual Account, at GITEX AFRICA Morocco 2024 (www.GITEXAfrica.com). This innovative solution will enable businesses across North and Francophone Africa to collect foreign currency payments easily. Fincra has built the EUR Virtual Account to simplify the […]