FTSE 100 movers: Coca-Cola HBC still bubbling while miners head deeper

The FTSE 100 was just in the green in Friday afternoon trading, as investors shrugged off disappointing UK construction data and some uninspiring numbers out of China.

Coca-Cola HBC continued to fizz higher a day after it posted an 11% jump in first-half operating profit and sounded an upbeat note on the full-year outlook.

The company said on Thursday that currencies were continuing to impact adversely, leading to a 3.6% decline in net sales revenue to €1.193bn.

It posted a “robust increase” in FX-neutral revenue per case of 2.4% to €4.02, mainly due to better pricing trends across all segments compared to the prior-year period and a 110 basis point improvement in package mix.

Volumes increased marginally on a strong prior-year period - taking into account the one less selling day in Q1, HBC said volume grew by 0.7%.

The established markets performed poorly, however, with volumes declining 2.8%, which HBC said was partly impacted by unseasonably cool weather.

Going the other way, mining stocks were under the cosh on lacklustre China industrial data and a drop in metal prices.

Fresh data out on Friday showed China’s industrial output grew 6% year-on-year in July, falling just short of consensus expectations for a 6.1% rise.

Retail sales in the People’s Republic grew 10.2% in the month, again coming in short of forecasts for a 10.5% rise.

The country’s fixed asset investment growth scaled back to 8.1% year-on-year for the year so far, shy of the market’s 8.8% pick.

Fresnillo, Rio Tinto and Randgold Resources were all in the red.

FTSE 100 - Risers

Marks & Spencer Group (MKS) 354.20p 3.72%
easyJet (EZJ) 1,093.00p 3.21%
Tesco (TSCO) 160.85p 2.75%
Coca-Cola HBC AG (CDI) (CCH) 1,726.00p 2.68%
Whitbread (WTB) 4,051.00p 2.56%
Dixons Carphone (DC.) 367.90p 2.31%
Intu Properties (INTU) 312.20p 2.13%
Travis Perkins (TPK) 1,558.00p 2.10%
Paddy Power Betfair (PPB) 9,510.00p 2.09%
Next (NXT) 5,495.00p 2.04%

FTSE 100 - Fallers

Antofagasta (ANTO) 513.50p -3.48%
Rio Tinto (RIO) 2,413.00p -3.05%
Anglo American (AAL) 858.60p -2.97%
Glencore (GLEN) 195.80p -2.10%
BHP Billiton (BLT) 1,038.00p -1.66%
Sky (SKY) 873.00p -1.30%
Randgold Resources Ltd. (RRS) 8,540.00p -1.21%
Merlin Entertainments (MERL) 474.80p -1.15%
DCC (DCC) 6,975.00p -0.92%
BT Group (BT.A) 395.75p -0.89%