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FTSE 100 movers: Housebuilders rally on Persimmon update; CRH falls

Published 26/04/2023, 15:44
FTSE 100 movers: Housebuilders rally on Persimmon update; CRH falls

Sharecast - Building materials company CRH (LON:CRH) lost ground despite reporting a "positive" start to the year, with first-quarter sales and EBITDA ahead of the previous year amid good demand.

Consumer goods giant Reckitt Benckiser (LON:RKT) fell as it announced the appointment of a new chief executive, and posted a rise in first-quarter sales thanks to price hikes.

Bunzl (LON:BNZL) retreated despite saying it expects annual revenue and operating margin to be slightly ahead of forecasts as it reported a rise in first-quarter sales of 8.4%.

Housebuilders were the top performers on index after well-received results from Persimmon (LON:PSN), which posted a slump in first-quarter completions but said it expects full-year 2023 volumes to be towards the top end of guidance following an improvement in sales rates since the start of the year. Peers followed suit, with Taylor Wimpey (LON:TW) and Barratt Developments (LON:BDEV) also trading up.

Standard Chartered (LON:STAN) pushed higher after it posted better-than-expected first-quarter profits, driven by higher interest rates and forecast annual earnings at the top end of guidance.

Smith & Nephew (LON:SN) gained as the medical equipment manufacturer reiterated after seeing revenues improve in the first quarter.

FTSE 100 - Risers

Persimmon 1,318.00p +6.63%

Taylor Wimpey 124.95p +3.18%

Barratt Developments 495.20p +3.02%

Standard Chartered 634.40p +2.22%

Ocado Group (LON:OCDO) 516.20p +1.77%

Centrica (LON:CNA) 112.60p +1.62%

Glencore (LON:GLEN) 476.35p +1.57%

Land Securities Group (LAND (LON:LAND)) 654.00p +1.55%

British American Tobacco (LON:BATS) 3,018.00p +1.55%

Smith & Nephew 1,293.50p +1.53%

FTSE 100 - Fallers

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Spirax-Sarco Engineering (LON:SPX) 10,965.00p -4.90%

JD Sports Fashion (LON:JD) 160.10p -3.58%

CRH (CDI) (LON:CRH) 3,879.00p -3.56%

Reckitt Benckiser Group (LON:RKT) 6,330.00p -2.62%

Experian (LON:EXPN) 2,720.00p -2.58%

Bunzl 3,120.00p -2.56%

Halma (LON:HLMA) 2,230.00p -2.49%

Associated British Foods (LON:ABF) 1,935.50p -2.44%

Burberry Group (LON:BRBY) 2,582.00p -2.23%

Weir Group (LON:WEIR) 1,884.50p -1.85%

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