FTSE 100 movers: Croda tanks after profit warning; Ocado rallies
London’s FTSE 100 was down 0.4% at 7,573.28 in afternoon trade on Friday.
Online supermarket Ocado was the standout gainer on the index, followed by equipment rental firm Ashtead.
Croda International tumbled as the specialty chemicals firm warned on full-year profits, citing lower sales volumes and customer destocking. It now expects 2023 group pre-tax profit of between £370m and £400m, versus consensus expectations of £440m.
Taylor Wimpey and Barratt Developments were under the cosh amid news that more mortgages have been pulled from the market, and as Moody’s warned of a 10% drop in UK house prices.
FTSE 100 - Risers
Ocado Group (OCDO) 380.80p 3.90%
Ashtead Group (AHT) 5,396.00p 1.24%
Vodafone Group (VOD) 75.00p 1.15%
Legal & General Group (LGEN) 240.40p 1.01%
Hargreaves Lansdown (HL.) 866.20p 1.00%
British American Tobacco (BATS) 2,606.50p 0.97%
Antofagasta (ANTO) 1,470.50p 0.62%
Whitbread (WTB) 3,347.00p 0.57%
Rio Tinto (RIO) 5,153.00p 0.51%
Scottish Mortgage Inv Trust (SMT) 689.00p 0.44%
FTSE 100 - Fallers
Croda International (CRDA) 5,256.00p -12.75%
Smurfit Kappa Group (CDI) (SKG) 2,896.00p -2.88%
JD Sports Fashion (JD.) 147.15p -2.55%
Beazley (BEZ) 580.00p -2.52%
Smith (DS) (SMDS) 309.90p -2.09%
Taylor Wimpey (TW.) 112.90p -2.08%
Kingfisher (KGF) 236.30p -1.83%
Barratt Developments (BDEV) 461.20p -1.81%
Reckitt Benckiser Group (RKT) 6,016.00p -1.60%
Weir Group (WEIR) 1,784.00p -1.46%