FTSE 100 movers: Kingfisher dented by Wickes update; Unilever rallies

dl kingfisher b and q bq bq diy hardware — B&QSharecast photo / Josh White

London’s FTSE 100 was down 0.1% at 7,302.08 in afternoon trade on Tuesday.

B&Q owner Kingfisher and kitchen supplier Howden Joinery slumped after Wickes downgraded its full-year adjusted pre-tax profit expectations, sending shares in the retailer down more than 20%.

Catering group Compass rallied as it said underlying revenues had more than doubled in the three months ended 30 June, with all three of its trading regions operating above 2019 levels.

Consumer goods giant Unilever also gained ground after it reported 8.1% growth in first-half underlying sales as it lifted prices to tackle higher costs, and raised its sales growth guidance for the year.

The company said it now expects underlying sales growth for 2022 to exceed the previous guidance range of 4.5% to 6.5%, "driven by price with some further pressure on volume".

FTSE 100 - Risers

Compass Group (CPG) 1,903.00p 3.14%
Admiral Group (ADM) 1,791.00p 3.14%
Unilever (ULVR) 3,994.50p 1.99%
Glencore (GLEN) 441.40p 1.99%
Endeavour Mining (EDV) 1,573.00p 1.75%
Centrica (CNA) 89.94p 1.70%
United Utilities Group (UU.) 1,083.50p 1.55%
AstraZeneca (AZN) 10,974.00p 1.52%
Harbour Energy (HBR) 348.10p 1.46%
National Grid (NG.) 1,124.50p 1.40%