FTSE 100 movers: Imperial Brands rallies; Vistry tanks on profit warning

London’s FTSE 100 was down 1.4% at 8,190.48 in afternoon trade on Tuesday.

Imperial Brands was the standout gainer on the index as it beefed up its shareholder returns programme by £400m after confirming it finished the fiscal year with in-line results, with growth in both tobacco and next generation products (NGP).

Group adjusted operating profit growth over the 12 months to 30 September was "close to the middle" of the mid-single digit range guidance, the company said.

The group said it was also on track to deliver results in line with full-year guidance with an acceleration in tobacco and NGP net revenue growth compared with last year.

Vistry tumbled as the housebuilder warned on profits after underestimating build costs on nine schemes in its Southern Division.

The company said it now expects FY24 adjusted pre-tax profit to be £80m lower, while profit for FY25 will take a hit of around £30m and £5m for FY26.

The revisions mean that adjusted pre-tax profit for FY24 is now expected to be around £350m, a hit of about 20%.

Miners Anglo American, Rio Tinto, Antofagasta and Glencore were all down after China China’s top economic planner - the National Development and Reform Commission - failed to announce any further stimulus measures at a press conference earlier.

FTSE 100 - Risers

Imperial Brands (IMB) 2,238.00p 4.19%
Ashtead Group (AHT) 5,718.00p 1.24%
Reckitt Benckiser Group (RKT) 4,595.00p 0.92%
Hikma Pharmaceuticals (HIK) 1,892.00p 0.69%
International Consolidated Airlines Group SA (CDI) (IAG) 193.10p 0.63%
Next (NXT) 9,892.00p 0.61%
Auto Trader Group (AUTO) 857.80p 0.59%
Marks & Spencer Group (MKS) 369.80p 0.54%
London Stock Exchange Group (LSEG) 10,180.00p 0.54%
Rolls-Royce Holdings (RR.) 529.40p 0.53%

FTSE 100 - Fallers

Vistry Group (VTY) 976.50p -23.29%
Anglo American (AAL) 2,311.00p -5.48%
Rio Tinto (RIO) 5,067.00p -4.40%
Antofagasta (ANTO) 1,903.00p -4.40%
Prudential (PRU) 691.00p -3.95%
Glencore (GLEN) 421.80p -3.59%
HSBC Holdings (HSBA) 673.20p -3.16%
JD Sports Fashion (JD.) 131.10p -2.38%
BP (BP.) 413.45p -2.05%
Smith & Nephew (SN.) 1,078.50p -2.04%