Anglo American reports fourth cycle De Beers rough diamond sales of $604m as they note strong consumer demand in the US.

Aviva report that they are on track to hit their financial targets as they recorded a 5% increase in general insurance sales in Q1, helped by strong performance in commercial insurance in Britain and Canada. General insurance gross written premiums rose to a record £2.1bn, while sales in the insurer's life business rose 1% to £8.7bn.

British Land returned to an annual profit, helped by a gradual recovery in occupancy at its office and retail spaces after the sector was battered due to the pandemic as people stayed at home. Profit after tax came in at £960m for the 12 months ended March 31st, compared with a loss of £1.08bn a year earlier.

Burberry said its outlook for the year ahead depended on how quickly China recovered from COVID-19 lockdowns, after meeting expectations for sales and operating profit for its 2022 financial year. They reported a 23% rise in revenue to £2.83bn and a 38% rise in adjusted operating profit to £523m.

Experian posted a 34% jump in FY profit, as they benefited from robust demand for its consumer services, mainly in North America. They reported a pretax profit of £1.48bn for the year ended March 31st, compared with a profit of $1.08bn a year earlier.

TUI has released plans for a capital raise to reduce the state aid it received during the pandemic.

Jefferies Upgrades Land Securities to Hold from Underperform (6 Buys / 5 Holds / 1 Sell)

JP Morgan Upgrades WH Smith to Overweight from Neutral (6 Buys / 3 Holds / 0 Sells)

RBC Upgrades Reckitt Benckiser to Outperform from Sector Perform (9 Buys / 4 Holds / 1 Sell)

RBC Upgrades Convatec to Sector Perform from Underperform (7 Buys / 2 Holds / 0 Sells)