FTSE 100 movers: Harbour Energy, JD Sports rally
London’s FTSE 100 was down 0.3% at 7,167.63 in afternoon trade on Friday.
Harbour Energy was the top performer on the index after saying that its biggest shareholder, EIG, had distributed some of its stake in the company to investors. This has resulted in the stake going from 37% to 16%.
JD Sports rallied as it announced that former Morrisons chair Andy Higginson had been appointed chairman.
Russ Mould, investment director at AJ Bell, said: "JD Sports has made the first step towards rebuilding its senior leadership team following the departure of executive chairman Peter Cowgill.
"Consumer-facing business expert Andy Higginson has been appointed as the new chair of JD Sports, bringing experience from years of service at supermarkets Tesco and Morrisons as well as Unilever, Guinness and Laura Ashley.
"Given how JD’s share price has slumped in recent months amid market worries about consumer spending and the surprise departure of Cowgill, Higginson will be under pressure from day one to try and improve the company’s reputation from a boardroom perspective, and to find the right person to lead the business."
Equipment rental firm Ashtead was a high riser after an upgrade to ‘overweight’ at Morgan Stanley.
FTSE 100 - Risers
Harbour Energy (HBR) 328.70p 3.04%
Coca-Cola HBC AG (CDI) (CCH) 1,843.00p 2.39%
CRH (CDI) (CRH) 2,910.50p 2.02%
Airtel Africa (AAF) 146.90p 1.73%
Fresnillo (FRES) 685.00p 1.63%
JD Sports Fashion (JD.) 123.95p 1.39%
St James's Place (STJ) 1,131.50p 1.34%
Ashtead Group (AHT) 3,772.00p 1.34%
BP (BP.) 390.05p 1.25%
Barclays (BARC) 152.88p 1.23%
FTSE 100 - Fallers
Scottish Mortgage Inv Trust (SMT) 775.60p -3.22%
GSK (GSK) 1,740.80p -2.82%
Hikma Pharmaceuticals (HIK) 1,675.50p -2.42%
Standard Chartered (STAN) 582.60p -2.41%
Prudential (PRU) 1,002.00p -2.29%
Intermediate Capital Group (ICP) 1,335.00p -2.23%
Entain (ENT) 1,072.50p -2.19%
HSBC Holdings (HSBA) 524.50p -2.07%
Taylor Wimpey (TW.) 112.55p -2.00%
Experian (EXPN) 2,563.00p -1.91%