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FTSE 100 Rises on Day of Earnings Results - Market Report

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Summary: FTSE 100 rises on a day of earnings announcements , driven by Cendrica 's exceptional performance with a tenfold increase in net cash and 55% jump in adjusted profit . Shell 's $5.5 billion buyback scheme and dividend hike fail to impress investors , leading to a decline in shares. Barclays faces challenges as increasing quarterly pre-tax profits are overshadowed by mounting bad debt provisions . Drax Group 's positive half-year pre-tax earnings do not prevent a slip in shares. BT opens higher on the back of quarterly revenue rise , while Ocado 's shares are impacted by the upcoming retirement of th...

New high-tech cargo ship sets sail to test wind power at sea

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Summary: The cargo ship PIXAS Ocean embarks on a voyage equipped with wind wings to explore wind power's potential for reducing emissions and energy usage in shipping. Maritime industry leaders, including Cargill, have invested in the development of wind wing technology to accelerate decarbonisation efforts in an industry responsible for nearly 3 percent of global CO2 emissions. Simon Schofield, Chief Technology Officer at Bar Technologies, explains how wind wing sails function, highlighting their ability to optimize energy harvesting and reduce bot...