FTSE 100 movers: Lloyds surges on strong first quarter profits, property stock lower
Lloyds Banking Group topped the risers after delivering a bigger-than-forecast 21% jump in underlying profits in the first quarter, as impairment charges more than halved. The UK lender also lifted its net interest margin guidance for the full year and improved its capital position.
Admiral Group
2,804.00p
17:15 04/10/24
Anglo American
2,430.00p
17:15 04/10/24
Antofagasta
1,973.00p
17:15 04/10/24
Banks
4,420.39
17:14 04/10/24
Barratt Developments
482.10p
17:00 04/10/24
BHP Group Limited NPV (DI)
2,304.00p
17:00 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
Glencore
433.10p
17:00 04/10/24
Household Goods & Home Construction
14,509.70
17:14 04/10/24
Insurance (non-life)
3,813.66
17:14 04/10/24
Intu Properties
1.78p
13:56 29/06/20
Lloyds Banking Group
58.80p
16:44 04/10/24
Mining
11,521.23
17:14 04/10/24
Real Estate Investment Trusts
2,335.75
17:14 04/10/24
Rio Tinto
5,298.00p
17:15 04/10/24
Severn Trent
2,555.00p
16:34 04/10/24
Taylor Wimpey
165.80p
16:45 04/10/24
United Utilities Group
1,021.50p
16:34 04/10/24
Stimulus hopes were helping the mining sector higher, with Anglo American, Rio Tinto, BHP Biliton Glencore and Antofagasta among the best performers.
Severn Trent was among the risers after securing a quality control contract with environment monitoring specialist Enitial. The partnership will focus on the purification of waste water treatment methods and the measurement of chemical substances in the UK's rivers.
Insurer Admiral was in demand after Barclays Capital lifted its ratings on the stock to 'equal weight'.
United Utilities was in the red as election uncertainty continued to spook investors, with a prospective energy price freeze on the cards under a Labour government.
Meanwhile, property stocks including Intu Properties, Barratt Developments and Taylor Wimpey dipped as investors anticipated Labour's mansion tax weighing on the premium sector.
Risers
Lloyds Banking Group (LLOY) 83.14p +7.44%
Anglo American (AAL) 1,171.00p +5.97%
Rio Tinto (RIO) 3,021.00p +4.71%
BHP Billiton (BLT) 1,612.00p +3.27%
Admiral Group (ADM) 1,597.00p +2.50%
Smith & Nephew (SN.) 1,141.00p +2.15%
Glencore (GLEN) 316.75p +2.10%
Capita (CPI) 1,167.00p +2.01%
Reed Elsevier (REL) 1,102.00p +1.85%
Tesco (TSCO) 225.05p +1.83%
Fallers
Aberdeen Asset Management (ADN) 463.60p -2.42%
Hargreaves Lansdown (HL.) 1,202.00p -2.28%
Severn Trent (SVT) 2,082.00p -2.02%
3i Group (III) 497.50p -1.78%
United Utilities Group (UU.) 956.00p -1.54%
TUI AG Reg Shs (DI) (TUI) 1,206.00p -1.39%
Land Securities Group (LAND) 1,233.00p -1.28%
British Land Company (BLND) 822.50p -1.20%
Dixons Carphone (DC.) 419.20p -1.20%
Intu Properties (INTU) 339.00p -1.17%