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The UK reporting season kicked off this week, and traders have welcomed the results which have overall been strong.
Tullow Oil posted a 15% rise in pre-tax profits for the first six months of this year. The company has encountered a number of setbacks over the past 18 months such as plugging empty wells, but the stock is trading up 1.5% at 1043p.
The owner of British Gas, Centrica, has reported a 9% rise in first-half profits. This boost may attract public criticism as the company increased gas prices in November, but the share price is still up 1%.
Unemployment in the eurozone remained at 12.1% in June. This is the fourth consecutive month it remained unchanged, which is a sign that the region is stabilising.