FTSE 100 movers: Shire surges on earnings growth, RBS hit by weak revenues
Shire surged after reporting that earnings rose 20% in the first quarter as sales at the Dublin-headquartered drug company overcame a sharp drop in its Intuniv attention deficit disorder drug and dollar headwinds.
Banks
4,677.17
15:45 15/11/24
Centrica
121.45p
15:45 15/11/24
Food & Drug Retailers
4,369.80
15:45 15/11/24
Fresnillo
645.00p
15:45 15/11/24
FTSE 100
8,060.61
15:45 15/11/24
FTSE 350
4,453.56
15:45 15/11/24
FTSE All-Share
4,411.85
15:45 15/11/24
Gas, Water & Multiutilities
6,050.22
15:44 15/11/24
International Consolidated Airlines Group SA (CDI)
240.80p
15:45 15/11/24
ITV
62.65p
15:45 15/11/24
Media
12,522.60
15:45 15/11/24
Mining
10,633.77
15:45 15/11/24
Morrison (Wm) Supermarkets
286.40p
16:55 26/10/21
NATWEST GROUP
392.00p
15:45 15/11/24
Oil & Gas Producers
8,043.72
15:45 15/11/24
Pharmaceuticals & Biotechnology
19,259.77
15:45 15/11/24
RELX plc
3,518.00p
15:45 15/11/24
Sainsbury (J)
243.00p
15:44 15/11/24
Shell 'A'
1,895.20p
17:05 28/01/22
Shell 'B'
1,894.60p
17:05 28/01/22
Shire Plc
4,690.00p
16:39 08/01/19
Tesco
345.50p
15:45 15/11/24
Travel & Leisure
8,607.27
15:45 15/11/24
Royal Dutch Shell was trading higher after revealing a better-than-expected 56% drop in first-quarter earnings to $3.25bn. Shell also shaved its capital investment budget for 2015 by $2bn to "$33bn or less".
Tesco and Sainsbury were boosted after UBS declared in initiation of the European food retail sector and issued 'buy' ratings on both stocks, while Morrison was in the red on a 'sell' rating'. "Given our positive stance on the UK, we like Tesco and Sainsbury's, but we think Morrison needs to invest more than consensus models,” UBS said.
Royal Bank of Scotland registered losses after revealing that revenues weakened in the first quarter, due to ÂŁ856m in litigation and conduct charges, which were significantly underestimated. Instead of the ÂŁ306m in statutory profits expected by analysts, the lender registered a loss of ÂŁ446m.
Airline conglomerate IAG dipped despite making its first-ever profit in the first quarter. The company beat expectations with an operating profit of €25m, compared with a €150m loss the year before.
A number of stocks were trading lower after going ex-dividend, including Centrica, Fresnillo, ITV, and Reed Elsevier.
Risers
Royal Mail (RMG) 467.10p +5.16%
Shire Plc (SHP) 5,440.00p +2.84%
Sports Direct International (SPD) 621.50p +2.81%
Associated British Foods (ABF) 2,855.00p +2.29%
Taylor Wimpey (TW.) 166.60p +1.65%
Aberdeen Asset Management (ADN) 472.80p +1.44%
Weir Group (WEIR) 1,862.00p +1.42%
Barratt Developments (BDEV) 519.00p +1.37%
Aggreko (AGK) 1,652.00p +1.35%
Capita (CPI) 1,134.00p +1.34%
Fallers
Centrica (CNA) 255.40p -4.56%
Anglo American (AAL) 1,088.00p -4.44%
ITV (ITV) 251.80p -4.44%
Royal Bank of Scotland Group (RBS) 337.20p -3.52%
International Consolidated Airlines Group SA (CDI) (IAG) 542.50p -2.95%
Fresnillo (FRES) 719.00p -2.71%
Randgold Resources Ltd. (RRS) 4,975.00p -2.36%
Morrison (Wm) Supermarkets (MRW) 186.20p -2.31%
Meggitt (MGGT) 525.50p -1.78%
Rio Tinto (RIO) 2,864.50p -1.75%