FTSE 100 movers: Oil stocks track oil price lower
Petrofac, Tullow Oil, BP, Shell and a host of stocks exposed to the oil price were suffering heavy losses on Friday.
BP
384.00p
15:45 15/11/24
Electricity
10,595.89
15:44 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
Industrial Engineering
11,826.25
15:44 15/11/24
Oil & Gas Producers
8,043.72
15:45 15/11/24
Oil Equipment, Services & Distribution
4,928.34
16:30 25/09/24
Petrofac Ltd.
11.20p
15:34 15/11/24
Severn Trent
2,687.00p
15:44 15/11/24
SSE
1,713.00p
15:45 15/11/24
Tullow Oil
22.10p
15:39 15/11/24
United Utilities Group
1,085.00p
15:45 15/11/24
Weir Group
2,132.00p
15:45 15/11/24
Oil and gas engineer Weir, however, was bouncing back after recent declines following an upgrade by Canaccord Genuity from ‘hold’ to ‘buy’. The broker said the stock’s valuation now looks “compelling” after having fallen by over a third over the past three months alone.
Utility stocks were mixed with United Utilities and Severn Trent gaining despite Ofwat’s announcement that average water bills will drop by 5% by 2019-2020.
However, SSE was lower after it was named as one of the three energy providers being fined a combined £4.6m by Ofgem for failing to meet environmental targets.
FTSE 100 - Risers
United Utilities Group (UU.) 905.50p +3.84%
Severn Trent (SVT) 1,954.00p +2.04%
Weir Group (WEIR) 1,708.00p +0.77%
Sainsbury (J) (SBRY) 228.00p +0.75%
Tullow Oil (TLW) 373.80p +0.27%
FTSE 100 - Fallers
Petrofac Ltd. (PFC) 687.00p -5.11%
Coca-Cola HBC AG (CDI) (CCH) 1,273.00p -4.14%
St James's Place (STJ) 781.50p -2.98%
Anglo American (AAL) 1,140.50p -2.77%
Aviva (AV.) 473.70p -2.75%
Randgold Resources Ltd. (RRS) 4,145.00p -2.72%
Smiths Group (SMIN) 1,031.00p -2.55%
Schroders (SDR) 2,579.00p -2.42%
Intertek Group (ITRK) 2,167.00p -2.39%
Whitbread (WTB) 4,496.00p -2.37%