FTSE 100 movers: Wolseley woes; Shire in rude health

The FTSE 100 index of heavweight shares was in the red in early afternoon trade as the OECD warning on the global outlook and Brexit impact put a dampener on sentiment.

Wolseley shares fell by 6% despite posting good third quarter revenue and profit numbers, but warning of weaker revenue growth trends.

The company also said demand in several of the its markets remained subdued and it continued to experience the adverse impact of commodity deflation, particularly in the US.

Weaker metal prices due to the stronger dollar also hit the miners, with Antofagasta and Glencore suffering as a result.

Royal Mail gave back gains made on Tuesday on the back of talb about a possible sector consolidation.

On the positive side shares in pharma outfit Shire bucked the gloomy trend and rose 1.76% on the back of positive broker recommendations the week after its £22bn takeover of Baxalta was approved by shareholders.

Market Movers

FTSE 100 (UKX) 6,166.01 -1.04%

FTSE 100 - Risers

Shire Plc (SHP) 4,335.00p 1.76%
Fresnillo (FRES) 1,025.00p 1.59%
Randgold Resources Ltd. (RRS) 5,885.00p 1.47%
Paddy Power Betfair (PPB) 9,245.00p 0.87%
Unilever (ULVR) 3,166.00p 0.64%
Mediclinic International (MDC) 871.50p 0.58%
Tesco (TSCO) 166.05p 0.58%
Relx plc (REL) 1,255.00p 0.40%
Pearson (PSON) 841.50p 0.36%
GKN (GKN) 275.50p 0.22%

FTSE 100 - Fallers

Wolseley (WOS) 3,816.00p -5.80%
Royal Bank of Scotland Group (RBS) 235.80p -4.34%
Antofagasta (ANTO) 412.10p -3.94%
Rolls-Royce Holdings (RR.) 598.50p -3.31%
Sainsbury (J) (SBRY) 259.70p -3.28%
Rio Tinto (RIO) 1,879.50p -3.24%
Royal Mail (RMG) 523.50p -3.23%
Taylor Wimpey (TW.) 198.90p -3.16%
Glencore (GLEN) 127.20p -2.97%
Travis Perkins (TPK) 1,867.00p -2.91%