Stock prices in London opened higher, with miners leading gains following stimulus measures from China.
EasyJet reported a reduced first-quarter pre-tax loss of £126 million, down from £133 million in the same period last year. Passenger numbers increased by 14% year-over-year. The company expects to reduce its first-half loss despite a £40 million impact from the Middle East conflict.
JPMorgan Global Growth & Income and JPMorgan Multi-Asset Growth & Income have agreed on a potential merger, aiming to create a company with net assets of over £2.1 billion. The merger is expected to complete by the end of March, pending shareholder and regulatory approvals.
Abrdn has announced plans to cut approximately 10% of its workforce to save costs, aiming for annual savings of £150 million by the end of 2025. The company’s assets under management and administration slightly decreased to £494.9 billion as…
