FTSE 100 movers: Rolls Royce among handful of risers as 95 stocks trade in the red
Updated : 16:32
Rolls Royce was one of a handful of stocks remaining in the green, buoyed by the announcement of its largest ever order win, which cemented its position as the favoured supplier of power plants for Airbus’s signature A380 aircraft. The news marks the aircraft engine manufacturer's gain of over half the market share for the aircraft.
BP was also higher, despite demands on Thursday from shareholders and the Church of England for the oil major to be more honest about the impact climate change is likely to have on its business. Carbon taxes and renewable power subsidies would both cut demand for the company's oil and gas products.
Tesco was trading lower as investors anticipated a drop in annual profits to be revealed on Wednesday. A series of profit warnings, accounting scandals and a loss of market share to discounters have driven the speculation.
GKN was trading in the red after Exane BNP Paribas downgraded the stock to 'neutral'.
Whitbread flattened out after earlier gains from a raised price target of 6200p from analysts at Credit Suisse, with its 'outperform' rating unchanged. The broker said that Premier Inn's potential in Germany was behind forecasts of 11% annual growth over the next ten years.
Risers
Severn Trent (SVT) 2,137.00p +0.75%
BP (BP.) 476.95p +0.74%
Experian (EXPN) 1,182.00p +0.17%
Sky (SKY) 1,048.00p +0.10%
Rolls-Royce Holdings (RR.) 980.50p +0.05%
Fallers
St James's Place (STJ) 931.50p -2.82%
Anglo American (AAL) 1,010.50p -2.74%
Schroders (SDR) 3,260.00p -2.45%
International Consolidated Airlines Group SA (CDI) (IAG) 559.00p -2.27%
Tesco (TSCO) 235.60p -2.26%
GKN (GKN) 362.30p -2.24%
Barclays (BARC) 254.55p -2.23%
Aberdeen Asset Management (ADN) 479.10p -2.22%
Sage Group (SGE) 469.60p -2.02%
RSA Insurance Group (RSA) 425.90p -1.89%