FTSE 100 movers: Beazley higher after trading update, Diageo hit by downgrade
Sharecast
Published May 12, 2023 15:30
FTSE 100 movers: Beazley higher after trading update, Diageo hit by downgrade
Sharecast - "The first quarter saw us deliver good headline growth in line with our expectations, underpinned by growth in property, where we are taking advantage of the excellent and continuing market conditions," Beazley chief executive officer, Adrian Cox, said
Airtel Africa was right behind, having reported the day before a dip in full-year profits as a result of $250m in charges linked to foreign exchange and derivatives contracts.
GSK shares were also on the move after the pharma group announced that it had sold a 2.5% stake in Haleon at 335p a share, raising £804m.
Both GSK and Pfizer (NYSE:PFE), which held a 32% stake in Haleon, undertook not to dispose of any further shares in Haleon for a period of 60 days following settlement of the placing.
Pacing losses was Diageo (LON:DGE) after analysts at Jefferies downgraded their recommendation from 'buy' to 'hold'.
FTSE 100 - Risers
JD Sports Fashion (JD.) 174.95p 3.77%
Beazley (BEZ) 607.50p 3.58%
Airtel Africa (AAF) 115.00p 2.95%
3i Group (LON:III) 1,849.00p 2.81%
Rolls-Royce Holdings (LON:RR.) 149.30p 2.33%
Persimmon (LON:PSN) 1,334.00p 2.30%
GSK (LON:GSK) 1,471.00p 1.81%
Convatec Group (LON:CTEC) 222.20p 1.74%
Compass Group (LON:CPG) 2,147.00p 1.56%
SSE (LON:SSE) 1,885.00p 1.24%
FTSE 100 - Fallers
Diageo PLC (LON:DGE) 3,516.50p -2.85%
British Land Company (BLND) 375.60p -1.68%
Mondi (LON:MNDI) 1,280.50p -1.39%
Smurfit Kappa Group (CDI) (SKG) 2,982.00p -1.32%
Smith (DS) (SMDS) 312.70p -1.29%
Land Securities Group (LAND (LON:LAND)) 618.00p -1.28%
Prudential (LON:PRU) 1,169.50p -1.02%
Anglo American (LON:AAL) 2,328.00p -0.83%
Fresnillo (LON:FRES) 685.00p -0.78%
Vodafone Group (LON:VOD) 90.28p -0.78%
Get The App
Read more on Sharecast.com
Written By: Sharecast
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.