FTSE 100 movers: ITV in the picture; Capita's Brexit concerns worry investors

ITV shares topped the FTSE 100 risers after the company said revenue growth slowed in the latter part of the first half of the year and, and cautioned that television advertising is likely to be down in the third quarter, but still raise the dividend.

Net advertising revenue (NAR) was flat at £838m over the half, as the company had predicted at its first quarter update in May, but with viewers switching increasingly to the BBC over the period of the summer Olympics, ITV foresees NAR falling 1% over the first nine months of the year.

However, the hiking of the interim dividend 26% to 2.4p cheered investors and the stock rose 9%.

Total revenues grew 12% to £1.7bn for the six months to 30 June, down from the 14% growth in the first quarter despite continued strong non-advertising growth.

The UK's biggest housebuilder Taylor Wimpey said the UK decision to leave the European Union in the month since the referendum vote had not impacted on trading as it reported a 12% percent rise in first-half pre-tax profits to £267m.

"One month on from the EU Referendum, current trading remains in line with normal seasonal patterns. Customer interest continues to be high, with a good level of visitors both to our developments and to our website," chief executive Pete Redfern said.

This lifted the shares, and peers were also boosted with Barratt Developments, Persimmon and Berkeley Group all up.

Shares in wealth manager St James’s Place rose as it reported a drop in first-half pre-tax profit but lifted its dividend and reported record net inflows.

Services group Capita fell after the company said the UK decision to leave the European Union had increased uncertainty, particularly in the financial services sector, and it was “continuing to experience some delays in decision making in the short term”.

Capita made first half pre-tax profits of £186.1m from £146m last year boosted by contract expansion and growth from trading businesses.

Market Movers

FTSE 100 (UKX) 6,759.86 0.53%

FTSE 100 - Risers

ITV (ITV) 202.30p 9.47%
Taylor Wimpey (TW.) 152.70p 5.38%
Barratt Developments (BDEV) 424.20p 4.66%
Persimmon (PSN) 1,661.00p 4.60%
St James's Place (STJ) 923.00p 4.41%
International Consolidated Airlines Group SA (CDI) (IAG) 417.10p 4.33%
Berkeley Group Holdings (The) (BKG) 2,644.00p 3.89%
Travis Perkins (TPK) 1,551.00p 3.33%
Dixons Carphone (DC.) 346.10p 2.98%
Burberry Group (BRBY) 1,352.00p 2.74%

FTSE 100 - Fallers

Capita (CPI) 970.00p -1.92%
GKN (GKN) 297.50p -1.16%
Hikma Pharmaceuticals (HIK) 2,612.00p -1.10%
National Grid (NG.) 1,098.00p -0.95%
Imperial Brands (IMB) 3,970.50p -0.94%
Randgold Resources Ltd. (RRS) 8,605.00p -0.92%
Provident Financial (PFG) 2,724.00p -0.87%
Paddy Power Betfair (PPB) 8,590.00p -0.64%
SABMiller (SAB) 4,382.00p -0.63%
Barclays (BARC) 148.20p -0.54%