FTSE 100 remained little changed in early trading

FTSE 100 remained little changed in early trading, currently at 7,507 points. This was despite gains in Europe, the US and Asia following the better-than-expected US inflation numbers yesterday.

Coca-Cola reported “strong volumes” in the first half and said it is confident in the outlook for the rest of the year despite macro-economic and geo-political risks. The company’s revenues rose 29%.

Disney overtook Netflix in paid subscribers as it hit 221 million. The firm, which owns Disney+, sports-based ESPN and adult streaming platform Hulu, exceeded analyst expectations on new sign-ups.

Heathrow insisted it is recovering from the travel chaos seen in recent months. The cap on numbers “delivered improvements to passenger experience, with fewer last-minute flight cancellations, better aircraft punctuality and baggage delivery.”

Roquefort Therapeutics said the latest lab results underpin the potential of its drug programme to produce first-in-class medicines targeting the cancers that express midkine. Midkine is linked with ailments including cancer, inflammation, and autoimmune diseases.

Caledonia Mining posted a 24% rise in profit for the second quarter on record gold production from its Blanket mine in Zimbabwe. The group said the year so far has been “outstanding.”

Touchstone Exploration saw revenues jump 65% in its latest quarter as it reaped the benefit of higher crude prices. This was despite production being up only 1%.

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