FTSE 100 movers: National Grid loses spark; Johnson Matthey guidance pleases
Unchanged ECB interest rates and an OPEC meeting that failed to reach agreement on output levels pushed the FTSE 100 into the red on Thursday afternoon.
The index was down 0.2% at 1413 BST.
Natgional Grid led the fallers as the company found itself at the centre of a storm over excessive profits and higher consumer prices.
Wolseley continued to fall after yesterday saying it faced stiffer headwinds.
Standard Chartered led the risers, up 3.14%as the banking sector initially pulled the Footsie into higher territory.
Johnson Matthey pleased, despite reporting lower full year profits. The catalytic converter maker said results next year would be better.
Airline group IAG soared as the International Air Transport Association said industry profits are expected to jump by almost 12% in 2016 to $39.4bn, compared to $35.3bn last year thanks to lower oil prices.
FTSE 100 (UKX) 6,179.31 -0.20%
FTSE 100 - Risers
Standard Chartered (STAN) 538.70p 3.14%
Johnson Matthey (JMAT) 2,910.00p 2.94%
GKN (GKN) 280.50p 1.56%
Fresnillo (FRES) 1,047.00p 1.45%
Barratt Developments (BDEV) 581.50p 1.39%
International Consolidated Airlines Group SA (CDI) (IAG) 532.50p 1.33%
Next (NXT) 5,355.00p 1.13%
Shire Plc (SHP) 4,422.00p 0.96%
Ashtead Group (AHT) 970.00p 0.94%
Burberry Group (BRBY) 1,080.00p 0.93%
FTSE 100 - Fallers
National Grid (NG.) 962.70p -4.26%
Marks & Spencer Group (MKS) 355.40p -4.18%
Taylor Wimpey (TW.) 190.10p -3.84%
DCC (DCC) 6,260.00p -1.57%
Wolseley (WOS) 3,768.00p -1.57%
RSA Insurance Group (RSA) 483.40p -1.39%
Associated British Foods (ABF) 2,894.00p -1.16%
St James's Place (STJ) 905.00p -1.09%
Provident Financial (PFG) 2,843.00p -1.04%
Hargreaves Lansdown (HL.) 1,314.00p -0.98%