FTSE 100 movers: Smith & Nephew jumps; Haleon in the red

London’s FTSE 100 was down 0.3% at 8,117.38 in afternoon trade on Wednesday.

Smith & Nephew shot to the top of the index as it reported a 2.9% year-on-year rise in first-quarter revenue to $1.39bn, as its orthopaedics business continued to recover.

GSK also rallied as the pharmaceutical giant lifted annual profits guidance, pinning its hopes on demand for its respiratory virus and shingles treatments.

The company said it now expected a rise of 8% - 10% in annual adjusted earnings per share, up from the 6% - 9% previously forecast, while sales were tipped to be at the upper end of its 5% to 7% forecast range. Core operating profit growth was forecast to increase 9% - 11%, up from 7% - 10%.

Standard Chartered was in the black ahead of its first-quarter results on Thursday.

On the downside, Haleon slumped as the healthcare company’s first-quarter revenue missed expectations.

FTSE 100 - Risers

Smith & Nephew (SN.) 1,006.00p 2.76%
GSK (GSK) 1,711.00p 2.27%
Severn Trent (SVT) 2,520.00p 2.15%
BT Group (BT.A) 104.75p 2.10%
Unite Group (UTG) 940.00p 1.29%
Airtel Africa (AAF) 112.30p 1.26%
Standard Chartered (STAN) 698.20p 1.22%
AstraZeneca (AZN) 12,204.00p 1.18%
Fresnillo (FRES) 564.50p 1.16%
United Utilities Group (UU.) 1,056.00p 1.10%

FTSE 100 - Fallers

Ashtead Group (AHT) 5,658.00p -3.15%
Ocado Group (OCDO) 344.00p -2.58%
JD Sports Fashion (JD.) 112.85p -2.38%
Haleon (HLN) 331.50p -2.36%
Schroders (SDR) 347.80p -1.42%
Frasers Group (FRAS) 805.50p -1.35%
M&G (MNG) 198.40p -1.34%
Persimmon (PSN) 1,287.00p -1.30%
Weir Group (WEIR) 2,024.00p -1.27%
BP (BP.) 514.20p -1.19%