FTSE 100 movers: CRH higher on merger agreement, Next hit by downgrade
CRH was the biggest gainer on the Footsie after building materials giants Lafarge and Holcim agreed upon terms for a merger.
Anglo American
2,430.00p
17:15 04/10/24
Centrica
118.20p
17:00 04/10/24
Construction & Materials
12,074.84
17:14 04/10/24
CRH (CDI)
6,688.00p
16:40 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
Gas, Water & Multiutilities
6,061.74
17:14 04/10/24
General Retailers
4,211.99
17:14 04/10/24
Mining
11,521.23
17:14 04/10/24
Morrison (Wm) Supermarkets
286.40p
16:55 26/10/21
Next
9,938.00p
16:45 04/10/24
Oil & Gas Producers
8,283.17
17:14 04/10/24
Rio Tinto
5,298.00p
17:15 04/10/24
Tullow Oil
24.96p
17:00 04/10/24
Shares in Tullow Oil surged after the West Africa-focused exploration outfit announced it had successfully negotiated for access to £450m in fresh financing.
Morrison was also trading higher, after revealing that its new boss David Potts bought over £1m worth of shares in the company just days after joining the struggling chain, with the job of trying to turn it around.
Miners Fresnillo, Anglo American and Rio Tinto were all making gains on the rising three-month copper futures, which were 1.5% higher.
Meanwhile, Next was in the red as analysts at Canaccord Genuity downgraded the stock to ‘hold’ from ‘buy’. The broker cited a reduced profit stream from credit customers, lower guidance on sales and the company’s admission that UK director may now be ex-growth as the factors driving the rating lower.
Centrica dipped as Moody’s lowered their user rating and senior unsecured ratings of Centrica from to Baa1 from A3. The ratings action came after the close of markets on Thursday, an indication of lower energy prices and generally poorer trading conditions.
Risers
CRH (CRH) 1,852.00p +5.77%
Fresnillo (FRES) 703.50p +3.61%
Anglo American (AAL) 1,082.50p +3.49%
Coca-Cola HBC AG (CDI) (CCH) 1,205.00p +2.47%
BHP Billiton (BLT) 1,520.00p +2.32%
Glencore (GLEN) 292.35p +2.31%
Tullow Oil (TLW) 316.20p +2.13%
Rio Tinto (RIO) 2,901.00p +1.95%
Weir Group (WEIR) 1,811.00p +1.80%
BG Group (BG.) 874.20p +1.71%
Fallers
Persimmon (PSN) 1,679.00p -5.57%
Next (NXT) 7,215.00p -1.37%
Imperial Tobacco Group (IMT) 3,114.00p -1.30%
Kingfisher (KGF) 370.50p -1.04%
Legal & General Group (LGEN) 290.20p -0.92%
Diageo (DGE) 1,923.50p -0.88%
Associated British Foods (ABF) 3,044.00p -0.56%
Travis Perkins (TPK) 1,985.00p -0.55%
Aggreko (AGK) 1,573.00p -0.51%
Intertek Group (ITRK) 2,568.00p -0.50%