FTSE 100 movers: NMC Health retreats, Tesco drops after Kantar data

London’s FTSE 100 was down 1.2% at 7,180.48 in afternoon trade on Wednesday amid growing trade war concerns.

NMC Health was the worst performer on the index a day after it rallied on the back of upgraded guidance. On Tuesday, the company lifted its underlying revenue and earnings guidance for this year to reflect the impact of a healthcare joint venture with Saudi Arabia’s state-run pension fund and consolidation of its earlier acquisition of Boston IVF.

The shares were also hit by a downgrade at Citi.

Tesco lost ground as the latest data from Kantar showed that its market share fell to 27.3% from 27.7% in the 12 weeks to 19 May. Ocado also retreated even as the Kantar data revealed that its market share ticked up to 1.3% from 1.2%, while sales pushed up 6.4%.

British American Tobacco was under pressure again a day after Nielsen data showed that US cigarettes sales volumes fell 11.2% in the four-week period ended 18 May. Total sales fell 6.9% to $59.27bn.

Flutter Entertainment - formerly known as Paddy Power Betfair - was in the red after its name change.

FTSE 100 - Risers

Vodafone Group (VOD) 128.89p 1.39%
Severn Trent (SVT) 1,973.50p 1.05%
Berkeley Group Holdings (The) (BKG) 3,539.00p 0.74%
British Land Company (BLND) 532.80p 0.53%
National Grid (NG.) 815.60p 0.43%
United Utilities Group (UU.) 798.80p 0.40%
International Consolidated Airlines Group SA (CDI) (IAG) 462.50p 0.28%
Fresnillo (FRES) 739.60p 0.22%
Centrica (CNA) 93.84p 0.19%
SSE (SSE) 1,043.00p 0.19%

FTSE 100 - Fallers

NMC Health (NMC) 2,481.00p -5.31%
Tesco (TSCO) 226.97p -4.72%
Flutter Entertainment (FLTR) 5,628.00p -4.19%
Micro Focus International (MCRO) 1,899.80p -3.90%
Hikma Pharmaceuticals (HIK) 1,670.00p -3.69%
British American Tobacco (BATS) 2,782.50p -3.60%
Ocado Group (OCDO) 1,163.50p -3.44%
Smiths Group (SMIN) 1,436.50p -3.27%
Rio Tinto (RIO) 4,624.00p -3.18%
Ashtead Group (AHT) 1,915.00p -3.14%