FTSE 100 Movers: Business Owners Rally; DS Smith in the red
London’s FTSE 100 was up 0.2% to 7,077.64 in afternoon trading on Tuesday.
Business owners British land and Land titles recovered after a shift to “overweight” from “neutral” to JP Morgan, who argued that UK retailing was turning a corner.
Owner of GKN Melrose Industries won because it announced it would return around £ 730million in cash to shareholders after finalizing the sale of its Nortek Air Management business.
Royal Dutch Shell and PA rose after crude oil prices exceeded $ 75 a barrel for the first time in two years.
On the downside, the packing group Ds smith fell because he said the current fiscal year got off to a good start but reported a sharp drop in annual profits caused mostly by higher costs and lower prices during the pandemic.
FTSE 100 – Risers
British Land Company (BLND) 521.00p 5.57%
Land Title Group (LAND) 711.40p 4.99%
Melrose Industries (MRO) 162.85p 2.81%
Dutch royal shell ‘B’ (RDSB) 1.393.60p 2.29%
Glencore (GLEN) 307.45p 2.06%
TA (PA.) 322.35p 1.74%
Dutch royal shell ‘A’ (RDSA) 1,448.00p 1.69%
Flutter Entertainment (CDI) (FLTR) 13.850.00p 1.61%
CRH (CDI) (CRH) 3,687.00p 1.21%
Rio Tinto (RIO) 5,861.00p 1.19%
FTSE 100 – Fallers
Smith (DS) (SMDS) 421.20p -2.59%
Hargreaves Lansdown (HL.) 1,602.50p -1.75%
Entain (ENT) 1,811.00p -1.31%
Standard Chartered (STAN) 466.50p -1.08%
GlaxoSmithKline (GSK) 1400.40p -1.03%
Phoenix Group Holdings (PHNX) 693.60p -1.03%
Compass Group (CPG) 1,549.50p -0.93%
Intermediate capital group (ICP) 2,167.00p -0.87%
Prudential (PRU) 1445.50 p -0.76%
Legal & General Group (LGEN) 270.10p -0.74%