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Among the companies with reports and trading updates today are Superdry, B&M, Wise, Hays, Dr Martens, Plus500, Ashtead Group, and Moneysupermarket.com.

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Musk culls 14,000 jobs as Tesla grapples with falling sales

Tesla is axing more than 10 per cent of its global workforce as it grapples with falling sales.

The US car maker, which is led by billionaire Elon Musk, has been hit by subdued demand for electric vehicles (EVs) and a price war with Chinese rivals.

The FTSE 100 index opened at 7965.53

This post first appeared on Dailymail.co.uk

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