FTSE 100 movers: BT damaged by pension deficit worries, miners trading higher
Telecoms giant BT declined despite beating analysts forecasts with a solid rise in profits in its third quarter, as it announced a new 16-year “recovery plan” to pay down its expanding pension deficit, which now stands at £7bn. The company also revealed that it would upgrade its fibre network with large-scale pilots this summer of ultrafast broadband with G.fast.
Anglo American
2,430.00p
17:15 04/10/24
BHP Billiton Ltd.
$44.58
08:31 04/10/24
Food & Drug Retailers
4,548.70
17:14 04/10/24
Fresnillo
636.00p
16:34 04/10/24
FTSE 100
8,280.63
16:49 04/10/24
FTSE 350
4,570.17
17:14 04/10/24
FTSE All-Share
4,527.24
16:54 04/10/24
International Consolidated Airlines Group SA (CDI)
191.95p
16:44 04/10/24
Mining
11,521.23
17:14 04/10/24
Morrison (Wm) Supermarkets
286.40p
16:55 26/10/21
Randgold Resources Ltd.
6,546.00p
17:00 28/12/18
Sainsbury (J)
291.00p
17:15 04/10/24
Travel & Leisure
7,830.25
17:14 04/10/24
After an initial rise, British Airways and Iberia owner IAG fell into the red despite the news that Qatar Airways has bought a 9.99% stake in the company. While the Doha-based group said it may consider raising its interest in IAG over time, analysts at Liberum said a full takeover was “highly unlikely”.
Supermarket stocks were also under pressure, with Sainsbury and Morrison among the worst performers.
Meanwhile, mining stocks were performing well with Fresnillo and Randgold advancing after heavy falls on Thursday as gold prices rebounded. Anglo American and BHP Billiton were also higher.
Risers
Tullow Oil (TLW) 368.80p +5.10%
Randgold Resources Ltd. (RRS) 5,685.00p +4.89%
Fresnillo (FRES) 901.00p +4.46%
BHP Billiton (BLT) 1,454.00p +2.87%
Weir Group (WEIR) 1,689.00p +2.61%
BG Group (BG.) 902.20p +2.42%
Anglo American (AAL) 1,124.00p +2.41%
Dixons Carphone (DC.) 433.30p +2.15%
Rio Tinto (RIO) 2,938.00p +1.80%
WPP (WPP) 1,475.00p +1.72%
Fallers
Diageo (DGE) 1,961.50p -3.02%
Barratt Developments (BDEV) 456.40p -2.98%
Sainsbury (J) (SBRY) 256.30p -2.84%
BT Group (BT.A) 417.00p -2.82%
Morrison (Wm) Supermarkets (MRW) 180.20p -2.54%
Ashtead Group (AHT) 1,097.00p -1.97%
Bunzl (BNZL) 1,899.00p -1.86%
International Consolidated Airlines Group SA (CDI) (IAG) 554.00p -1.77%
Severn Trent (SVT) 2,160.00p -1.77%
London Stock Exchange Group (LSE) 2,372.00p -1.62%