London’s FTSE 100 was up 0.6% at 7,570.51 in afternoon trade on Thursday. Ocado surged to the top of the index, having tumbled a day earlier after Ocado Retail – its 50:50 joint venture with Marks & Spencer – cut its annual sales target. Intermediate Capital was a high riser …
Read More »FTSE 100 movers: Imperial Brands rallies; Unilever dented by downgrade
London’s FTSE 100 was up 0.6% at 7,507.12 in afternoon trade on Tuesday. Imperial Brands was the top performer on the index as it reported lower operating profit after accounting for its exit from Russia in response to the invasion of Ukraine, but said it was on track to meet …
Read More »FTSE 100 movers: Home construction, Financial stocks pace gains
Home construction stocks were pacing gains on the stock market at the end of the week, benefitting from the tail-wind of the Bank of England’s policy meeting the day before, which saw rate-setters temper their outlook for interest rates. Berkeley Group Holdings, Barratt Developments and Taylor Wimpey were all near …
Read More »FTSE 100 movers: Darktrace slumps on relegation news; BP rallies
London’s FTSE 100 was down 0.4% at 7,138.52 in afternoon trade on Thursday. Cybersecurity firm Darktrace tumbled as it emerged it will be relegated to the FTSE 250 in the next quarterly reshuffle. Royal Mail was under the cosh as it traded without entitlement to the dividend. Asset manager Abrdn …
Read More »FTSE 100 movers: Sainsbury’s slumps; Polymetal shines
London’s FTSE 100 was down 0.4% at 7,079.43 in afternoon trade on Tuesday. Supermarket chain Sainsbury’s was the worst performer on the index. Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown, said it could be down to nervousness about trips to bricks and mortar supermarkets amid worries about …
Read More »FTSE 100 movers: Telecoms shares rally on deal news; gold miners drop
London’s FTSE 100 was up 0.5% at 7,257.43 in afternoon trade on Monday. Vodafone and BT Group rallied after private equity firm KKR made a $12bn takeover approach to Telecom Italia. Neil Wilson, chief market analyst at Markets.com, said: “There has been a lot of speculation about a possible takeover …
Read More »FTSE 250 movers: Greencore boosted by upgrade; AO World retreats
London’s FTSE 250 was down 0.8% at 20,288.50 in afternoon trade on Wednesday. Online electricals retailer AO World was the biggest loser, closely followed by Ferrexpo. On the upside, convenience food maker Greencore was the standout performer as Jefferies lifted its stance on the shares to ‘buy’ from hold’ and …
Read More »Sector movers: Cyclicals find a bid on confidence in Covid-19 vaccine rollouts
Cyclicals were in favour at the start of the week as positive Chinese gross domestic product data helped to offset worries about the new Covid-19 strains. Nonetheless, there appeared to be confidence among analysts and strategists that vaccination rollout programmes now underway would help to bring the pandemic to heel …
Read More »FTSE 100 movers: Aveva boosted by upgrade; British Land hit by downgrade
London’s FTSE 100 was up 0.3% at 6,590.75 in afternoon trade on Tuesday. Aveva was the top gainer after an upgrade to ‘buy’ from ‘neutral’ at UBS. Next was also sharply higher after the retailer reported a smaller-than-expected drop in sales over Christmas and said online sales made up for …
Read More »FTSE 250 movers: Softcat surges on update; Royal Mail gets an upgrade
London’s FTSE 250 was up 0.5% at 20,633.81 in afternoon trade on Tuesday. Softcat surged to the top of the index after saying that trading has remained positive since its first-quarter statement in mid-November and the company is ahead of where it expected to be. In an update ahead of …
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