FTSE hits new high, Lloyds falls as layoffs hurt profits - Market Report

Proactive - Interviews for investors

The FTSE hit another all-time high of 8,081 as trading got underway, following repeated record closes so far this week. The mood was less positive for Lloyds though, as shares in the bank fell on news profits slipped in the first quarter, partially hit by a jump in costs relating to headcount reductions. Elsewhere, consumer goods firm Reckitt Benckiser enjoyed a brighter start after reporting an increase in like-for-like sales over the first quarter. Specialist distribution group Bunzl also climbed early on, as held profit guidance overshadowed a dip in revenue on lower volumes in the US. And finally, Jet2 fell as stronger summer trading was eyed but profit for the year just gone was said to sit in the middle point of previous guidance. #ProactiveInvestors #marketreport #ftse #ftse100 #footsie #lloyds #reckittbeckiser #bunzl #jet2 #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews