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FTSE 100 ends July with fourth day of gains

The FTSE 100 ended July on a bullish note with a fourth day of gains. At the close the "blue chip" equity index was up 27.41 points, or 0.41%, at 6,696.28. The FTSE 250 improved by 156.4 points, or 0.89%, to 17,677.4.

IAG operating profits soar

International Consolidated Airlines Group's operating profit jumped by 141% to €555m in the six months to the end of June and its offer for Aer Lingus has been declared unconditional.

Press Roundup

A brief summary of Friday's main business headlines... Extensive coverage of RBS being given the green light for its first share sell-off, Thomas Cook profits take a hit, Diageo fails to impress investors, the potential US interest rate hike, job cuts at Centrica and Shell and much more...

LTG acquires

Learning Technologies Group has agreed to acquire Eukleia Training, a provider of e-learning to the financial services sector.

Colt loss

Colt Group posts a first half loss before tax and before exceptional items of €13.0m (H1 2014: profit of €13.6m), with the movement due to the inclusion of Colt Asia results, foreign currency movements and incremental depreciation.