Jack Pusey Sharecast News

17 Mar, 2015 12:39 17 Mar, 2015 15:22

FTSE 100 movers: CRH lower on Holcim rejection, miners and energy stocks higher

Building materials group CRH was extending losses after Holcim on Monday rejected the terms of its proposed tie-up with Lafarge. CRH is set to snap up €6.5bn of assets from the two European cements companies when they merge.

BG Group

n/a

BHP Group Limited NPV (DI)

2,056.00p

15:45 15/11/24

0.49%

10.00p

Construction & Materials

12,379.56

15:44 15/11/24

0.53%

65.46

CRH (CDI)

7,778.00p

15:45 15/11/24

-0.94%

-74.00p

Food & Drug Retailers

4,369.80

15:45 15/11/24

0.29%

12.74

FTSE 100

8,060.61

15:45 15/11/24

n/a

FTSE 250

20,508.75

15:45 15/11/24

n/a

FTSE 350

4,453.56

15:45 15/11/24

n/a

FTSE All-Share

4,411.85

15:45 15/11/24

n/a

Glencore

378.00p

15:45 15/11/24

0.88%

3.30p

Lonmin

75.60p

11:03 14/06/19

0.00%

0.00p

Mining

10,633.77

15:45 15/11/24

1.51%

158.40

Morrison (Wm) Supermarkets

286.40p

16:55 26/10/21

0.00%

0.00p

Oil & Gas Producers

8,043.72

15:45 15/11/24

1.32%

105.17

Rio Tinto

4,804.50p

15:45 15/11/24

1.46%

69.00p

Shell 'A'

1,895.20p

17:05 28/01/22

-1.25%

-24.00p

Tesco

345.50p

15:45 15/11/24

1.05%

3.60p

Tullow Oil

22.10p

15:39 15/11/24

1.94%

0.42p

Tesco shares were in the red, reversing from Monday, alongside Morrison, as Sainsbury's warned it expects another year of challenging trading conditions following a weak trading update, in which sales fell for a fifth consecutive quarter. Sainsbury's was also lower despite beating analysts' forecasts with a less-than-expected decline in like-for-like sales.

Mining stocks were mostly higher as speculation about further stimulus measures in China continued, lifting the likes of Glencore and Rio Tinto.

Heavyweight miner BHP Billiton also rose after shareholders welcomed the company's recommendation to approve its proposed demerger as it spins off its non-core activities into a new company called South32. The group said one-off costs associated with the transaction would be $738m, though it promised not to cut its dividend post-demerger.

Energy stocks such as Tullow Oil, BG Group and Shell were putting in decent gains amid speculation that North Sea oil and gas producers are set to benefit from UK tax cuts in Wednesday’s Budget statement.

Risers
Tullow Oil (TLW) 296.60p +5.48%
Centrica (CNA) 248.70p +3.93%
BHP Billiton (BLT) 1,460.50p +3.14%
BG Group (BG.) 842.60p +2.51%
Glencore (GLEN) 282.90p +2.17%
easyJet (EZJ) 1,771.00p +2.13%
SSE (SSE) 1,500.00p +2.11%
Rio Tinto (RIO) 2,901.50p +1.88%
Severn Trent (SVT) 1,998.00p +1.83%
Royal Dutch Shell 'A' (RDSA) 1,970.50p +1.81%

Fallers
Tesco (TSCO) 234.40p -2.88%
(CRH) 1,683.00p -2.77%
Schroders (SDR) 3,181.00p -2.66%
Mondi (MNDI) 1,330.00p -2.21%
Morrison (Wm) Supermarkets (MRW) 201.70p -1.99%
Wolseley (WOS) 4,088.00p -1.61%
St James's Place (STJ) 929.00p -1.38%
Shire Plc (SHP) 5,455.00p -1.36%
London Stock Exchange Group (LSE) 2,506.00p -1.34%
Imperial Tobacco Group (IMT) 3,128.00p -1.29%