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FTSE on the rise as ITV and BAE Systems gain but Hipgrosis on the backfoot – Market Report [Video]

The FTSE 100 notched up yet another record as trading got underway on Thursday.

ITV was among the day’s big reporters, with news that streaming hours jumped over the first quarter sending shares higher.

BAE Systems also budged up early on, after noting it was on course to hit full-year guidance and that increased US and UK defence spending would fuel future momentum.

Also rising was Watches of Switzerland, which unveiled the US$130 million acquisition of Roberto Coin in a move into the luxury jewellery sector.

Hipgnosis Song Fund took a hit in the meantime, as Concord said an offer to buy the firm would not be increased, leaving the door open for Blackstone to win the bidding war.

And elsewhere, Light Science Technologies jumped on a distribution agreement for its nurturGROW lights in South Africa.

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Market Insight: Roche shares on the rise after obesity drug trial results | REUTERS [Video]
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Market Insight: Roche shares on the rise after obesity drug trial results | REUTERS [Video]

The Swiss drugmaker Roche’s race to join the likes of Novo Nordisk and Eli Lilly in the booming obesity treatment market appears to be taking shape. Roche said its weight-loss drug delivered almost 19% weight loss in early trials. Swetha Ramachandran from Artemis gave her verdict on whether it can compete effectively in this space.#News #obesitymedicine #treatment #Reuters #Newsfeed Read the story here:👉 Subscribe: http://smarturl.it/reuterssubscribeKeep up with the latest news from around the world: https://www.reuters.com/Follow Reuters on Facebook: https://www.facebook.com/ReutersFollow Reuters on Twitter: https://twitter.com/ReutersFollow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en