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FTSE 100 opens higher as ITV gains

ITV led the FTSE 100 share index higher after Barclays upgraded its rating on the broadcaster to “overweight”.Shares in ITV were up 2.3% in early trade, with the FTSE 100 rising 18.19 points to 7,341.01.Mining firms also bolstered the index, with Glencore shares up 1.6% and Anglo American 1.4% higher.Outside the top 100 companies, troubled building and services firm Carillion fell 9% after it reported huge losses and cut its revenue outlook.The firm reported a first-half loss of £1.15bn as it took further charges, and cut its full-year revenue forecast to £4.6bn-£4.8bn, down from a previous expectation of £4.8bn-£5bn.Shares in Lloyd’s of London insurer Beazley rose 3%, despite the company saying that losses from the impact of hurricanes Harvey, Irma and Maria, and earthquakes in Mexico, would cut its earnings this year by about $150m.On the currency markets, the pound fell 0.25% against the dollar to $1.3407, and dropped 0.4% against the euro to €1.1356.
Source: BBC News

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