FTSE 100 Movers: Flutter Amplified by Upgrade; Unilever collapses
London’s FTSE 100 was down 0.4% to 6,969.97 in afternoon trading on Thursday.
Flutter Entertainment instead was at the top of the index after an upgrade to “outperform” sector performance “at RBC Capital Markets.
Group 3i posted solid gains after saying it got off to a good start to the year as its Action retail business recovered from the impact of the pandemic.
Unilever collapsed as the consumer goods conglomerate reported higher-than-expected underlying sales growth for the second quarter, but lowered its full-year operating margin forecast due to rising costs.
NatWest was also lower after the government announced plans to sell up to 15% of its stake in the bank over the next year. The move accelerates plans to return the banking group, formerly known as Royal Bank of Scotland, to private ownership. NatWest has been state-controlled since its bailout in the aftermath of the 2008 financial crisis.
Home builder Khaki was behind because it was trading without dividend rights.
FTSE 100 – Risers
Flutter Entertainment (CDI) (FLTR) 12,950.00 p 4.18%
Group 3i (III) 1,252.00p 3.30%
Entain (ENT) 1,849.00p 3.18%
Intermediate capital group (ICP) 2 198.00 p 3.14%
Barratt Developments (BDEV) 718.40p 2.75%
Taylor Wimpey (TW.) 163.10p 2.51%
International Consolidated Airlines Group SA (CDI) (IAG) 173.34p 2.31%
Royal Mail (RMG) 527.80p 2.25%
Ocado Group (OCDO) 1,826.50p 2.24%
Melrose Industries (MRO) 155.45p 1.97%
FTSE 100 – Fallers
Unilever (ULVR) 4057.50p -5.71%
Khaki (PSN) 2,911.00p -3.32%
Reckitt Benckiser Group (RKT) 6 170.00 p -3.02%
NATWEST GROUP PLC ORD 100P (NWG) 196.05p -1.75%
VAN of Pershing Square Holdings Ltd (PSH) 2,580.00 p -1.71%
Rio Tinto (RIO) 5,874.00p -1.62%
British Land Company (BLND) 503.40p -1.10%
National network (NG.) 911.60p -1.07%
Place Saint-Jacques (STJ) 1 506.00p -0.86%
Rolls-Royce Holdings (RR.) 96.28p -0.74%