The FTSE 100 index opened higher this morning and was up 1.57 per cent or 117.87 points to 7,611.32 in early trading. Among the companies reporting today are Shell, who have raked in bumper profits, Next, BAE Systems, Trainline, Virgin Money UK and Barrett Developments. Read the Thursday 5 May Business Live blog below.

> If you are using our app or a third-party site click here to read Business Live.

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This post first appeared on Dailymail.co.uk

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