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BUSINESS LIVE: FTSE opens higher; Babcock Sells MoD Contractors; Disney Enjoys Recovery After Covid; Gatwick losses reached £ 204 million; Vectura supports takeover by Philip Morris

From This Is Money

Released: 08:41, August 13, 2021 | Updated: 09:08, August 13, 2021

Babcock stock rose this morning after agreeing to sell its Frazer-Nash advisory unit to KBR for £ 293 million.

Last night, the board of directors of asthma inhaler maker Vectura backed a £ 1.1 billion takeover by tobacco giant Philip Morris, despite calls on health organizations to decline.

Walt Disney beat Wall Street forecasts for the last quarter as its streaming services gained more customers than expected and its theme parks are back to profitability.

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Disney’s theme parks returned to profitability in the last quarter

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