FTSE 100 movers: Asos, Asia-focused names sought out

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Standard Chartered

980.80p

16:45 23/12/24

0.91%

8.80p

According to The Times, Lingotto, the new fund backed Italy’s billionaire Agnelli dynasty, which was chaired by George Osborne, had substantially raised its stake in the online grocer to above 5%.

Asia-focused StanChart and Prudential were close behind, riding on the coattails of remarks from Chinese premier Li Qiang.

Speaking at the World Economic Forum in Tianjin, Li said: "We will launch more practical and effective measures in expanding the potential of domestic demand, activating market vitality, promoting coordinated development, accelerating green transition, and promoting high-level opening to the outside world."

The plan, according to that same official, was for the country's rate of economic growth to pick up to approximately 5% over the second and third quarters of 2023.

That would be up from the 4.5% year-on-year clip observed during the first three months of the year.

Market Movers

FTSE 100 (UKX) 7,465.61 0.16%

FTSE 100 - Risers

Ocado Group (OCDO) 562.80p 6.07%
Vodafone Group (VOD) 72.34p 3.25%
International Consolidated Airlines Group SA (CDI) (IAG) 161.15p 2.61%
Standard Chartered (STAN) 671.80p 2.10%
Prudential (PRU) 1,097.50p 1.95%
Informa (INF) 713.20p 1.83%
Lloyds Banking Group (LLOY) 42.59p 1.51%
Kingfisher (KGF) 229.00p 1.51%
Auto Trader Group (AUTO) 602.80p 1.48%
Abrdn (ABDN) 210.20p 1.45%