Part 3/7:
Earnings reports from several key companies played a crucial role in boosting investor confidence. Notably, News Corp, owner of Sky News, reported a 14% increase in full-year earnings, totaling approximately $1.42 billion USD. The company's net income from ongoing operations surged by 71%, signaling strong operational performance. Despite stable dividends at 20 US cents per share, investors celebrated the solid results, which helped propel News Corp to become one of the day’s top performers, gaining more than 5%.