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Bumper sets of company reports buoy FTSE 100 in London midday trading

Bumper sets of company reports buoy FTSE 100 in London midday trading
(BBC) - (Noon): Shares remained high in London at midday after another bumper series of company reports and a higher close for US shares buoyed the market.

Barclays investors greeted its 25% gain in interim profits with a 2% rise in the share price. Sky shares jumped 2.5% on news of its 18% rise in profits but then slipped by 1%.

The FTSE 100 index was up 0.68% at 6,600.02 points.

High street bakery chain Greggs was up 3% after results.

Earlier it managed a near 6% gain. It raised profit expectation for the second time in just months.

Estate agency Foxtons shares added to earlier gains to stand almost 9% higher on strong results pulling rival Rightmove up 3% in its wake.

Shares in Hikma Pharmaceuticals lead the top company gainers' table with a rise of 3.5%, building on Tuesday's 11.59% gain, made after it announced it was buying US generic drugs business Roxane from German drugmaker Boehringer Ingelheim for $2.65bn.

On the currency markets, the pound was up 0.21% against the dollar at $1.5645 and was up 0.3%against the euro to €1.4160.

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